February 3, 2020 / 8:58 AM / 15 days ago

Dubai Aerospace signs $300 million five-year dual tranche loan

DUBAI (Reuters) - Dubai Aerospace Enterprise said on Monday it had signed a $300 million five-year dual tranche loan with Emirates Islamic EIB.DU and Emirates NBD Capital (ENBD.DU) to support business financing needs.

The unsecured financing facility included a conventional and an Islamic tranche and can be increased to $600 million, the company said in a statement.

Reporting by Yousef Saba, editing by Davide Barbuscia

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