Sunday 8 July 2012

Dubai Duty Free wins expanded $1.75 billion loan | Reuters

Airport retailer Dubai Duty Free has secured a $1.75 billion loan facility that will be used to fund expansion of the emirate's international airport.

The six-year senior, unsecured syndicated credit facility will comprise a conventional term loan facility and Islamic facilities, the company said in a statement on Thursday.

The retailer had said in April that it mandated banks for a $1.1 billion financing facility to help fund the growth of Dubai's international airport.

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