DAE secures $800m loan

18 January 2009

Dubai Aerospace Enterprise (DAE), confirmed today that it has closed an $800m equivalent Term Loan and Revolving Credit Facilities jointly arranged by Citibank, Deutsche Bank, Emirates Bank International, Lloyds TSB Bank, and an Islamic tranche managed by Noor Islamic Bank. The tenor of the facility is three years and will be used for DAE's general corporate purposes.

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