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FINANCIAL NEWS
UAE’s Aldar sees refinancing USD3.075 b in 2014
08 Nov 2013
(MENAFN) UAE-based Aldar forecasts the costs of borrowing to decrease due to refinancing USD3Ù«075 billion in 2014, according to the National.
Aldar, the capital”s largest listed housebuilder, is arguing with banks to drop the costs of borrowing, that is 10.75 percent on bonds.
If the company could have the approval of the cost decrease, it may be able to save more than USD67 million of annual repayments on its USD1.25 billion bond alone.
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