Borse Dubai refi provides first big test for MidEast market
Borse Dubai, the stock exchange operator, is approaching banks to come into a $2.5bn refinancing of its acquisition facility from last year, which it used to buy Nordic exchange OMX. The borrower is paying up to 430bp over Libor all-in to secure the loan, a huge jump from the level of margins it paid last year.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ European securitization issuance database
- ✔ Daily newsletters across markets and asset classes
- ✔ 1 weekly securitization podcast
