Salma Hareb, CEO of JAFZ
The transaction saw strong demand from regional and international investors, with the order book 3.1 times subscribed. The order book was well-diversified, both in terms of investor type and geography. European investors accounted for 26% of the allocation, Asian accounts 7%, US Offshore investors 2% and Middle Eastern investors took up the balance of 65%.
Salma Ali Saif Bin Hareb, CEO of JAFZ commented "The success of this transaction is a testament to the confidence that investors have in the JAFZ credit story, which is underpinned by strong, recurring cashflows as well as a strategic importance to the overall development of the Emirate of Dubai. This successful fund-raising exercise is another step towards execution of JAFZ's refinancing and deleveraging strategy and the positive response from the market to the transaction and JAFZ's strategy is especially encouraging."-Ends-For more information please contact: John Hobday firstname.lastname@example.org M +971 (0) 50 464 8706
© Press Release 2012
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