02 Jul 2013
(MENAFN) Dubai Duty Free aims to lower the interest on a US$1.75 billion loan by as much as 31 per cent after Dubai’s default risk plunged since the financing was signed last July, a banker familiar with the deal said, reported The National.
Dubai Duty Free, the world’s biggest airport retailer, raised the six-year syndicated loan from a group of 26 banks and has asked them to reduce interest on the dollar portion by 75 basis points, or 0.75 percentage point, over the benchmark rate, said the banker, asking not to be identified because the information is private. It has asked the margin on the dirham tranche be cut by 100 basis points, he said. Both portions paid a margin of 325 basis points.
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more