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Dubai's Port & Free Zone to raise from syndicated loan
Port & Free Zone World, the holding company for Dubai-based ports operator DP World (DPW), will raise $850m (approx Rs 3,740 crore) from a syndicated loan to refinance debt. The five-year loan has conventional and Islamic portions and pays a margin of 350 basis points, or 3.5 per cent points, over benchmark rates.
Source: Ameinfo