Dubai: Borse Dubai Ltd may be the emi rate's first state-owned company to tap banks to refinance a multibillion-dollar loan since September, a sign interest rates have returned to levels companies are willing to accept.
Borse Dubai, the owner of Nasdaq Dubai, is seeking a $2.5 billion (Dh9.19 billion) loan this month, according to bankers close to the talks who declined to be identified because the negotiations are private.
It needs to replace a one-year syndicated loan taken out last year to pay for the purchase of Swedish exchange OMX AB.
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