Tuesday, Apr 10, 2012
Gulf News
Dubai Dubai Duty Free (DDF) yesterday launched a roadshow to raise $1.1 billion to fund the future expansion of Dubai International Airport.
“The syndication was launched on April 5 with banks invited to commit in US dollars and/or UAE dirhams.
DDF hosted a management presentation in Dubai which began yesterday,” the airport retailer said yesterday in a statement.
The financing comprises a conventional term loan and Islamic facilities.
“The approximate tenure of the facilities will be 5-6 years,” Colm McLoughlin, Executive Vice-Chairman of Dubai Duty Free, told Gulf News.
By Shweta Jain?Senior Reporter
Gulf News 2012. All rights reserved.
