Nakheel intends to borrow $6.5 billion over the next few months to finance its major projects, an industry source told Gulf News. Nakheel is in talks regarding a $1.5 billion bridge loan with a group of banks that will be the first of a three-tranche fund-raising scheme.
According to the report, the bridge loan is set to be followed by a $2.5 billion syndicated loan later this year and another $2.5 billion loan thereafter.
