RLPC-Borse Dubai loan to raise less than $2.5 bln-sources

State-run Borse Dubai's one-year syndicated loan is not expected raise the full $2.5 billion target amount because of the difficult credit conditions, bankers close to the deal said on Friday.

"The total amount is still to be determined but certainly not $2.5 billion. We had told the company from the beginning that it was a very ambitious target," one of the bankers said.

The deal, which will refinance the company's $3.78 billion loan agreed in March 2008, is gaining commitments but timing is tight with the original loan maturing on Feb. 28, the bankers said.