DAE takes $300m in Chinese loan deal

By Mariam Meskin
21 Jan 2020

Frequent syndicated loan borrower and United Arab Emirates-based aircraft lessor Dubai Aerospace Enterprise has raised a $300m term loan with Chinese banks.

The four year $300m unsecured term loan can be increased to $500m. The loan was signed with China Construction Bank's branch in DIFC (Dubai International Finance Centre) and China Construction Bank (Asia). 

DAE is no stranger to international debt markets. Last August, it raised $490m in loans with tenors between three ...

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