Rare MidEast launch for Qatari Diar’s Cegelec loan

Qatari Diar, a real estate investment company owned by Qatar Investment Authority, the sovereign wealth fund, is in the market with a Eu600m loan to support its acquisition of French electrical engineering group Cegelec.

  • 31 Oct 2008

The transaction is one of the rare loans to be launched in the Middle East since the turmoil that hit the global financial system in September. Qatari Diar is paying a big premium compared with its previous deals, reflecting how much conditions have deteriorated.

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