The Investment Corporation of Dubai (ICD) has unveiled a $2.8 billion, five-year loan, Reuters reports. The new loan will be priced at 350 basis points. Lenders will get a 100 basis points participation fee and a 100 basis points structuring fee. Citigroup, Emirates Bank and HSBC Bank will co-ordinate a conventional tranche, while Dubai Islamic Bank and Standard Chartered are heading an Islamic tranche. The Dubai sovereign wealth fund has asked the banks to commit $233 million each for becoming a mandated lead arranger.
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