Borse Dubai Extends Maturing US$2.5 Billion Loan by One Year

You've probably been reading news items about the upcoming maturity of the Borse Dubai's US$2.5 billion loan this February.  Many of these stories have presented the maturity as another test for Dubai Inc.

Well, the loan contained an option for the borrower to extend the loan for another year which is what the Borse has done.  So the problem is resolved at least for a year.

Story from the Gulf News here.

And one from The National here with some speculation on capital markets issuance by Dubai entities and the expected impact on projects in the Emirate.