Commercial Bank of Dubai mandates for refi

11 May 2011

The Commercial Bank of Dubai has mandated Commerzbank to co-ordinate its $400m three year refinancing deal, according to loans bankers.

The borrower is reportedly seeking a new deal of the same maturity with a margin under 200bp though the terms of the new deal have not yet been agreed.

The existing bank group comprises BNP Paribas, Bank of New York Mellon, Commerzbank, Intesa Sanpaolo, Lloyds, RBI, Standard Chartered, SMBC ...

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