Dubai: Borse Dubai on Tuesday said it has decided to extend the maturity of a $2.5 billion loan facility due next month by a year.
"Borse Dubai Limited announced that it has informed the participating banks of its decision to exercise the one-year extension option of the current $2.5 billion multi-currency syndicated facility," the company said in a an emailed statement.
The Dubai Government-owned company, which has a shareholding in London Stock Exchange, Nasdaq OMX Group, Dubai Financial Market and Nasdaq Dubai had raised a $2.5 billion one-year multi-currency syndicated facility.
Multi-currency loan
The multi-currency syndicated facility matured in one year and carried a one-year extension option, at the discretion of Borse Dubai.
The facility has a conventional and Islamic tranche, and pays 325 basis points per annum over the London interbank offered rate (Libor).
At the time of syndication, participating banks included India's Bank of Baroda, Dubai Islamic Bank, Emirates Bank International, HSBC Holding, National Bank of Abu Dhabi, Skandinaviska Enskilda Banken, The Bank of Tokyo-Mitsubishi UFJ and Union National Bank.
