Dubai's Jebel Ali Free Zone (JAFZA) is preparing to launch a large syndicated loan to partly refinance its $2 billion Islamic bond that matures in November, bankers familiar with the deal said.
JAFZA, which runs an industrial free zone on the outskirts of Dubai, is considering a $900 million syndicated loan, which will be followed by a $600 million sukuk and up to $500 million of cash repayments over the coming months, one of the bankers said.
The Dubai government-owned free zone has mandated Abu Dhabi Commercial Bank, Emirates NBD and Dubai
Islamic Bank, with Citi and Standard Chartered acting as coordinators, the bankers added.
No comments:
Post a Comment