The agreements will enable the Group to save up to $12mn in financing costs over the next 12 months
loan refinancing
Latest in loan refinancing
Abu Dhabi real estate
UAE’s mortgage market witnesses surge in refinancing due to rising interest rates
The hardening of interest rates is encouraging buyers to take the leap to ownership by locking-in better long-term rates before it’s too late
Abu Dhabi
Barakah One completes successful refinancing of UAE’s nuclear energy plant
Barakah One company refinances outstanding loan from Korean bank with Abdu Dhabi Commercial Bank and First Abu Dhabi Bank
commercial real estate
Tecom Group secures refinancing for existing loan at better terms
New five-year unsecured loan of $2 billion refinanced at a competitive rate and will enhance cash flow profile
Dubai
Nakheel secures $4 billion to develop Dubai Islands, other projects
Nakheel signed agreements with Mashreq Bank, Dubai Islamic Bank and Emirates NBD for refinancing AED11 billion and additional funds of AED6 billion for new projects
debt refinancing
Saudi Arabia’s PIF close to refinancing $11 billion loan
In 2018, the PIF signed the $11 billion loan, which was provided by some of the world’s biggest lenders including Goldman Sachs Group, HSBC Holdings, and JPMorgan
Dubai
Dubai’s Nakheel said to raise $4.6 billion loan to refinance debt
The company, which is the developer of the iconic Palm Jumeirah, approached a group of local banks for the loan – including Dubai Islamic Bank and Emirates NBD
loan refinancing
Saudi Arabia’s Fannie Mae eyes debut international bond in 2021
The Saudi Real Estate Refinance Co., established in late 2017 by the kingdom’s sovereign wealth fund, has started preparing for its first global bond sale
Fabrice Susini
Saudi Real Estate Refinance plans $2.3bn in sukuk sales
Saudi Real Estate Refinance – the state-run equivalent of Fannie Mae and Freddie Mac in the US – will tap domestic and international debt buyers with Islamic bond
Aviation
Dubai’s DAE signs $480m financing deal, could rise to $800m
Dubai Aerospace Enterprise announces landmark unsecured four-year revolving credit facility
budget deficit
Saudi Arabia raises size of 2016 syndicated loan to $16bn
The kingdom plans to borrow about $31bn this year to bridge an expected budget deficit of $52bn
loan refinancing
Saudi Arabia working with banks on $10bn loan refinancing – sources
Loan refinancing will include a repricing of the debt facility and a maturity extension, to 2023 from 2021
debt management
Saudi Arabia asks banks for proposals to refinance $10bn loan, raise more debt
Saudi Arabia is looking to establish a prominent position in international debt markets as part of its economic reforms