DIC pays up to calm nervous lenders with new $550m loan
Dubai International Capital, the international investment arm of Dubai Holding, has launched a $550m syndicated loan. Mashreq Bank, Noor Islamic Bank, Royal Bank of Scotland and Standard Chartered are arranging the deal, which, in a sign of investors’ continuing nervousness about Dubai’s debt-laden government-owned entities, is thought to be paying about 500bp.
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