DP World, the world's third-largest port operator, has attracted strong demand from both local and foreign banks for a $1 billion loan it wants to raise to help refinance a $3 billion facility maturing in October, bankers told Reuters.
While the bank group is not expected to be finalised for another week, according to a source at an international bank, it is expected that as many as ten institutions will be involved -- with the split slightly favouring foreign -- another, London-based, banker said.
Among lenders who have already agreed to participate are Citi, Deutsche Bank, HSBC, Societe Generale and Standard Chartered, banking sources confirmed.
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