DIFC Investments signs $1bn loan to pay down sukuk

Dubai's DIFC Investments has agreed a syndicated Islamic loan with banks worth $1.035bn to help it meet the outstanding amount on its approaching $1.25bn sukuk maturity on June 13.

  • 06 Jun 2012

The dual tranche facility is part commodity murabaha and part ijara (leasing) structure. It is two thirds denominated in UAE dirhams, with the rest in dollars.

Dubai Islamic Bank, Emirates NBD, Noor Islamic and Standard Chartered acted as lead arrangers and bookrunners on the deal, which was priced ...

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