The loan is split between a $2.1bn two-year tranche, a $1.95bn three-year tranche, a $1bn five-year term loan and a $450m revolving credit facility.

Banks were invited to finance the bid in dollars or dirhams, with the equivalent of about $1.2bn being supplied in the UAE currency.

The new deal will replace a $5bn one-year bridging loan.

The bookrunners on the financing were Calyon, Emirates NBD, HSBC, ING, Lloyds TSB, Mashreq, Royal Bank of Scotland, Bank of Tokyo Mitsubishi and Sumitomo Mitsui Banking Corporation.