UAE to the rescue of Borse Dubai refi?
The deadline for Borse Dubai to get its $2.5bn refinancing in place is edging closer, and with only about $1.25bn raised from the market so far, speculation is mounting that another UAE government entity will come to the deal’s rescue. Potential further evidence of the emirates’ willingness to support key borrowers has been welcomed by analysts, but the struggle to syndicate the refinancing also underlined how tough the loan market in Dubai has become. Read EuroWeek on Friday for the latest on the situation.
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