Aabar signs new EUR3.6 billion loan to refinance debt on tighter spreads
Aabar Investments has signed a EUR3.6 billion loan of five years duration which will be used to replace several of the state fund’s existing debt. The transaction was arranged “on tighter terms compared to previous facilities, reflecting the company’s improved credit profile and its strategic importance” according to the company without giving out the details the loan’s pricing. Mainly foreign banks and NBAD provided cash for the loans. Aabar manages a portfolio of investments spanning real estate and aerospace to financials services. (Reuters)
This website uses cookies to make the site work, to understand if the site is working well, how it is being used, to connect to social media sites (such as Facebook and Twitter) and to collect information useful to allow us and our partners to provide you with more relevant ads . Some cookies are essential to make the site work, but you can control how we use non-essential cookies at any time by clicking the “ON/OFF” button next to each category. For more information about the cookies used on this site, see Privacy Policy.
Decide which cookies you want to allow.
Strictly Necessary
These cookies are essential in order to enable you to move around our website and use its features, such as accessing secure areas of our website. Without these cookies, any services on our Site you wish to access cannot be provided.
Analytical/performance cookies
Visitors use our website, for instance which pages you go to most often, and if you get error messages from web pages.