Ezdan Holding said on Wednesday it had secured an 8-year USD460mn Islamic syndicated facility. Dubai bank Mashreq was the sole coordinator of the financing, in which 10 regional, Asian and international financial institutions participated, Ezdan said in a statement. Mashreq Al Islami, Mashreq's Islamic unit, along with Dubai Islamic Bank and HSBC acted as initial mandated lead arrangers and book runners for the facility. (Arabian Business) Dubai Islamic Bank (DU): AED5.61 as of 7 Dec 2016, Rating: Neutral, TP: AED5.60 per share, MCap: USD7,555 mn, DIB UH / DISB.DU
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