Dubai shows strength of ICD while Salik gets reverse flex
GlobalCapital, is part of the Delinian Group, DELINIAN (GLOBALCAPITAL) LIMITED, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 15236213
Copyright © DELINIAN (GLOBALCAPITAL) LIMITED and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
SecuritizationCLOs

Dubai shows strength of ICD while Salik gets reverse flex

Big demand for the $800m six year transportation loan secured by toll road revenues for Dubai-based SPV Salik 1 has enabled the borrower to reverse flex the margin on the deal by 25bp. A $2.8bn five year loan for Dubai investment vehicle Investment Corporation of Dubai (ICD) was also oversubscribed, raising $3bn from a targeted group of lenders.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login

Related articles

Gift this article