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Turkey’s Akbank has signed its $405m and Eu652m one year syndicated loan in Istanbul. The new loan attracted support from 42 banks and will refinance Akbank’s dual currency Eu584.5m and $437.5m one year deal that was signed in March last year.
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Dubai International Capital, a subsidiary of state-owned conglomerate Dubai Holding, has sold its 45% stake in UAE-based KEF Holdings to Tyco International for $178m.
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Dubai World has signed its restructuring agreement to extend the maturity on $14.4bn of debt. It finalised the plan last October after a US-based distressed asset fund, Aurelius Capital Management (not the Vienna-based investor of the same name), sold its $5m piece to Deutsche Bank for a profit.
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Dubai World has signed its restructuring agreement to extend the maturity on $14.4bn of debt. It finalised the plan in October last year after a US based distressed asset fund, Aurelius Capital Management (not the Vienna-based investor of the same name), sold its $5m piece to Deutsche Bank for a profit.
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Turkey’s Akbank signed its $405m and Eu652m one year syndicated loan in Istanbul yesterday. The new loan attracted support from 42 banks and will refinance Akbank’s dual currency Eu584.5m and $437.5m one year deal that signed in March last year.