RLPC-Borse Dubai gets loan extended to Feb 2011-bankers (A very speedy turn around from story below this!)

* username: rupertbu

State-run Borse Dubai will extend its $2.5 billion syndicated loan for one year to February 2011, taking some of the pressure off the emirate's immediate debt repayment concerns, banking sources close to the deal said.

FINANCIALS

Borse Dubai raised the financing in February 2009 with a one-year maturity, but the deal included a one-year extension option at the borrower's behest, the bankers said.

"The extension is at the borrower's option so it's a two-year deal," one of the bankers said.

Dubai rocked global markets on Nov. 25 when it said it would ask creditors to agree a standstill on $26 billion in debt, linked to its main property units