IslamicFinance.de

Borse Dubai Limited announced today that it has successfully signed a USD 2.5 bn Term Facility to refinance the aggregate USD 3.8 billion Term Credit Facility used to fund investments into NASDAQ OMX. The multicurrency syndicated facility matures in one year and carries a one-year extension option, at the discretion of Borse Dubai. The facility has a conventional and Islamic tranche, and pays 325 basis points p.a over the London interbank offered rate (Libor).

The participating banks include Bank of Baroda, Dubai Islamic Bank PJSC, Emirates Bank International PJSC, HSBC Bank plc, Industrial and Commercial Bank of China (Asia) Limited, ING Bank N.V., London Branch, Intesa Sanpaolo - Dubai Branch, National Bank of Abu Dhabi PJSC, Skandinaviska Enskilda Banken AB (publ), The Bank of Tokyo-Mitsubishi UFJ Ltd. and Union National Bank, majority of whom are existing Borse Dubai financing firms.