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ICD's $6bn goes into general syndication with fine pricing.
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- Abstract:
The article reports on the launch of the $6 billion tranche loan for sovereign wealth fund Investment Corporation of Dubai into general syndication. The debut deal has already attracted the market's attention not only because of the borrower's prominence, but also because of the fine pricing on the loan. The facility pays a margin of 125 basis points over Libor and 150 basis points on its three year and five year tranches.
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