"Investment Corporation of Dubai (ICD), the holding company for some of the emirate's best-known companies, may increase the size of a $2bn loan after significant interest in the deal from lenders, banking sources said.
Strong demand for the loan is a sign of renewed confidence among bankers in Dubai, which is recovering from the aftermath of a real estate crash and sovereign-linked debt crisis which followed the global financial meltdown of 2008.
The loan has been marketed since mid-March, with $1.6bn of the $2bn target already pledged by the eight arranging banks, one of the banking source said."
'via Blog this'
No comments:
Post a Comment