Jafza in talks over $2bn debt

It appears that Dubai's Jebel Ali Free Zone is discussing with banks how to repay its Dh7.5 billion ($2bn) Islamic bond until November, with most of the liability set to be given up by using a syndicated loan and a new sukuk. The banks that are taken into consideration are: Dubai Islamic Bank, National Bank of Abu Dhabi and Standard Chartered.
Although no details have been set up, the majority of the sum will be capitulated into new facilities, with a small amount coming from internal cash reserves.

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