Economic Calendar

Sunday, January 18, 2009

Dubai Aerospace Raises $800 Million in Three-Year Loan

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By Haris Anwar

Jan. 18 (Bloomberg) -- Dubai Aerospace Enterprise, the state- owned aviation manufacturing and services company, raised a $800 million credit facility from a group of international and local lenders for general corporate purposes.

The three-year financing includes a revolving credit facility and an Islamic portion, Dubai Aerospace said in an e-mailed statement today. Citibank NA, Deutsche Bank AG, Emirates Bank International PJSC, Lloyds TSB Bank Plc and Noor Islamic Bank participated in the loan.

To contact the reporter on this story: Haris Anwar in Dubai on Hanwar2@bloomberg.net




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