Dubai government says picks HSBC to arrange $3 billion airport financing | Reuters:
"The government of Dubai has chosen HSBC (HSBA.L) to arrange initial funding of $3 billion towards the expansion of Al Maktoum International Airport, according to a statement on UAE state news agency WAM.
The financing will be raised by a consortium of Dubai state entities, comprising of the Department of Finance, state-owned fund Investment Corporation of Dubai, and the Dubai Aviation City Corporation.
The funds will come from a variety of sources and will include conventional and Islamic tranches, the statement added.
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