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ENBD REIT hedges AED 400m facility with Mashreq Bank
The arrangement fixes the variable rate of EIBOR for two years from June 2021 Current low levels of EIBOR are attractive for the REIT to fix finance costs on facilities Reducing and maintaining lower fixed costs remains a priority for management ENBD REIT (CEIC) PLC has executed a Shari’a-compliant profit…
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Source: ENBD REIT