Dubai-based jewellery retailer Joyalukkas has roped in Standard Chartered Bank (UK), Emirates NBD and Bank of Bahrain and Kuwait (BBK) to sign a Dh367 million syndicated loan to spearhead a massive expansion of its retail network of jewellery stores, Gulf News has learnt.
Standard Chartered Bank is the arranger and facility agent of the syndication that includes a $75 million (Dh275.4 million) term loan for five years and $25 million as working capital.
"We are planning to sign the deal on Sunday with the lenders," a source told Gulf News.
No comments:
Post a Comment