Dubai Closes $800 Million Salik Financing Deal, MEED Reports
Dubai’s Department of Finance has completed a $800 million receivables financing based on income from the Salik road toll, MEED reported today, without disclosing the source of the information.
“The deal was completed on July 5 and the response was strong enough to allow the government to reduce the margin to 325 basis points above the London interbank offered rate from 350 basis points, MEED said on its website.
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