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Dubai's Atlantis seeks refinancing $880 mln loan

Dubai's Atlantis seeks refinancing $880 mln loan
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Atlantis The Palm, which is owned by Investment Corporation of Dubai (ICD), seeks to refinance an $880 million syndicated loan signed in September 2013, Arabian Business reported.
The five-year loan facility was offered by seven local and international banks comprising Barclays, HSBC, Abu Dhabi Commercial Bank, National Bank of Abu Dhabi, Commercial Bank of Dubai, Union National Bank and Emirates NBD and was priced at 500 basis points (bps) over LIBOR.