Borse Dubai Successfully Refinances US$ 3.8 billion Term Loan Facility

Dubai, 19 February, 2009 - Borse Dubai Limited ("Borse Dubai") announced today that it has successfully signed a US$2.5 billion Term Loan Facility to refinance the aggregate US$ 3.8 billion Term Loan and Guarantee Facility used to fund investments into Nasdaq Group and the London Stock Exchange.

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).

Essa Kazim, Chairman, Borse Dubai said: "We are pleased to have successfully concluded this transaction which, despite the difficult market conditions, found support amongst a geographically diverse group of investors."

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 which are existing Borse Dubai lenders.

Borse Dubai is a holding company established in August 2007 to consolidate Dubai government's interests in Dubai Financial Market and Nasdaq Dubai (formerly DIFX).

Top