DIC pays up in new $550m deal launch

Dubai International Capital, the international investment arm of Dubai Holding, has launched a $550m syndicated loan. Mashreq Bank, Noor Islamic Bank, Royal Bank of Scotland and Standard Chartered are arranging the deal, which, in a sign of investors’ continuing nervousness about Dubai’s debt-laden government-owned entities, is thought to be paying about 500bp.

  • 15 Oct 2009
Bankers close to the facility said the borrower intends to take a full increase if there is an oversubscription. “They’re going to take whatever they get,” said one. “The pricing does not surprise me. Dubai has given quite a few investors headaches in the last 18 months. But ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 2,007 6 16.61
2 Goldman Sachs 1,798 4 14.88
3 BNP Paribas 1,434 4 11.87
4 Barclays 1,097 2 9.08
5 Morgan Stanley 1,094 2 9.06

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1 Citi 20,542.69 67 10.85%
2 JPMorgan 18,820.53 50 9.94%
3 Bank of America Merrill Lynch 17,976.22 56 9.49%
4 Wells Fargo Securities 16,568.24 48 8.75%
5 Barclays 13,499.53 45 7.13%