Airport retailer Dubai Duty Free has mandated banks for a $1.1 billion multi-tranche loan facility to help fund the expansion of Dubai's international airport, the company said in a statement on Monday.
Citibank along with Dubai Islamic, HSBC and Emirates NBD have been hired to arrange and coordinate the debut international transaction, the company said in an emailed statement.
DDF, which is owned by Investment Corporation of Dubai (ICD), said the facility includes Islamic and conventional tranches.
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