Bloomberg News

Emaar Seeks $800 Million Loan Backed by Dubai Mall, Reuters Says

September 29, 2011

Sept. 29 (Bloomberg) -- Emaar Properties PJSC is seeking to raise $800 million in loans, using four of its shopping malls including the Dubai Mall as collateral, Reuters reported, citing unidentified people.

The facility, which consists of a five-year tranche and an eight-year amortising loan, is being arranged by Dubai Islamic Bank, National Bank of Abu Dhabi and Standard Chartered Plc, the news agency reported.

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net


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