Thursday 15 October 2009

Dubai International Capital Seeks $550 Million Loan, Banker Says

Dubai International Capital LLC, a private equity investor controlled by the emirate’s ruler, is seeking to raise a $550 million syndicated loan to repay existing debt, a banker familiar with the transaction said.

Mashreqbank PSC, Noor Islamic Bank, Standard Chartered Plc and Royal Bank of Scotland Group Pls are arranging the loan, said the banker who didn’t want to be identified because the details are private.END

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