Dubai Aerospace seals $800m loan

19 January 2009

Dubai Aerospace Enterprise (DAE), has confirmed that it has closed an $800m equivalent Term Loan and Revolving Credit Facilities. The financing was jointly arranged by Citibank, Deutsche Bank AG, Emirates Bank International PJSC, Lloyds TSB and an Islamic tranche managed by Noor Islamic Bank. The tenor of the facility is three years.

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