Dubai Aerospace signs $300 million five-year dual tranche loan

Dubai Aerospace signs $300 million five-year dual tranche loan
# 03 February 2020 13:27 (UTC +04:00)

Dubai Aerospace Enterprise said on Monday it had signed a $300 million five-year dual tranche loan with Emirates Islamic EIB.DU and Emirates NBD Capital (ENBD.DU) to support business financing needs, APA reports citing Reuters.

The unsecured financing facility included a conventional and an Islamic tranche and can be increased to $600 million, the company said in a statement.

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