Jumeirah finally signs $1.4bn loan after drawn-out syndication

By Michael Turner
31 Oct 2013

Almost six months after mandating banks, Jumeirah Group's $1.4bn unsecured loan has finally crawled over the finish line.

Dubai state-owned hotel operator Jumeirah Group mandated Abu Dhabi Commercial Bank, Dubai Islamic Bank, Emirates NBD, HSBC, Mashreq and Standard Chartered in May to arrange the six year facility. Rothschild advised the borrower.

At the same time, fellow Dubai hotelier Atlantis Palm launched its own $850m loan into syndication, led by ADCB, ...

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