Dubai’s VFS Global tightens pricing on $2bln term loans
VFS Global has priced its 7-year USD tranche of $1.010 million at 250 basis points (bps) over the Secured Overnight Financing Rate (SOFR), a tightening of 50bps from guidance
A total of 22.2723% of the total issued shares has been offloaded to Emirates Power Investment, making Dubai Holding group the largest shareholder in the company, the Burj Khalifa developer confirmed on Monday.
The portfolio acquisition comprises a multifamily community in New Jersey, and two senior housing properties in Orange County, California and Long Island, New York.
The agreement covers the construction and operation of a 360-kilometre railway linking the mining areas of Al-Shidiya and Ghor Al-Safi in Jordan to its Aqaba port.
