Dubai Ruler's Firm Refinances $8.2 Billion to Tap Property Boom [Yahoo! Finance]
HSBC Holdings, plc. (HSBC)
US:NYSE Investor Relations:
hsbc.com/investor-relations
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Source: Yahoo! Finance
absorbed last month, better positioning itself to capitalize on a boom in the city's real estate market. Most Read from Bloomberg HSBC CEO Quinn Unexpectedly Steps Down After Almost 5 Years Tesla Soars on Tentative China Approval for Driving System Stocks Trade for 390 Minutes a Day. Increasingly, Only 10 Matter Binance and CZ's Fortunes Are Set to Grow, Jail or no Jail US Warns ICC Action on Israel Would Hurt Cease-Fire Chances The funding will refinance debt held by the firms — Nakheel and Meydan — according to people familiar with the matter, who asked not to be identified because the information is private. The deal helped secure more favorable terms for the debt, with Emirates NBD Bank PJSC and Mashreqbank PSC underwriting the loan, they said. Nakheel is best known as the developer of Dubai's artificial palm-shaped islands, while Meydan owns one of the world's most opulent horse racecourses. The companies were merged and brought under Dubai Holding — an investment
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HSBC
Sec Filings
- 5/20/24 - Form 6-K
- 5/20/24 - Form 6-K
- 5/17/24 - Form 8-A12B
- HSBC's page on the SEC website