Abu Dhabi Islamic Bank PJSC Joins The Dubai Duty Free US$1.1 Billion Senior Unsecured Conventional And Islamic Financing Facilities
Further to the transaction announcement on 9th April regarding the US$1.1 billion Senior Unsecured Conventional and Islamic Financing Facilities, Dubai Duty Free is pleased to announce that Abu Dhabi Islamic bank PJSC has joined the transaction as a Mandated Lead Arranger and Bookrunner alongside Abu Dhabi Commercial Bank PJSC, Citigroup Inc, Dubai Islamic Bank PJSC, Emirates NBD Capital Ltd. and HSBC Bank Middle East Ltd to jointly arrange its debut $1.1 billion financing facilities.
As highlighted in the press report yesterday, the Facilities will comprise of a Conventional term loan facility and Islamic facilities. The purpose of the facilities is to optimize Dubai Duty Free’s capital structure in order to support the further development at Dubai International Airport, where Dubai Duty Free is the exclusive retail operator.
Emirate: Dubai
Date: Apr 10, 2012
Back