Borse Dubai is in talks with HSBC and other banks to fund a syndicated loan to refinance the $3.78 billion loan it took to acquire Nordic exchanges group OMX jointly with Nasdaq.
The original financing, agreed in March matures on Feb. 28 2009. Difficult credit conditions will make it hard and or costly to raise such an amount. Borse Dubai may have to pay up over 450 basis points over LIBOR with a maturity of just one year.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment