Dubai Airports is seeking to raise loans of at least $1bn to fund the purchase of equipment as it expands its second airport, people with knowledge of the matter said.
The government-owned airport operator is talking to banks about the export-credit agency-backed fundraising, which is likely to have a maturity of more than 10 years, said the people, asking not to be identified because the information is private. A decision on which agencies will be involved with the financing will be made once the contracts are awarded later this year.
Read more: http://www.gulf-times.com/story/558466/Dubai-Airports-said-to-plan-1bn-plus-ECA-backed-lo
