30 May 2017
(MENAFN) The government of Dubai is projected to raise the money requested to extend the city”s metro with a basic loan of almost USD500mn that will be followed by loans guaranteed by export credit agencies.
Furthermore, the department of finance will approach banks in the coming weeks needing a loan with a maturity of five years.
Meanwhile, when the government contacted banks on the financing of the metro extension in 2016, it asked for USD2.8bn of funding, which would have involved ECA-backed loans.
Additionally, the five year loan which the government is now projected to offer will have an interest margin of more than 200 bps over Libor.
MENAFN3005201700450000ID1095522237
MENAFN3005201700450000ID1095522237
27 Jan 2025
BBK offers customers with exclusive Tas’heel and Mazaya Finance to own their dream home
15 Jan 2025
BBK Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
08 Jan 2025
Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
26 Dec 2024
BBK proudly supports “Celebrate Bahrain” as a gold sponsor in cooperation with BTEA
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
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