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Dubai-owned port operator DP World is in talks with lenders to triple the size of an existing $1 billion loan, as well as extend its lifespan and cut its interest rate, in a bid to take advantage of investors' renewed confidence in the emirate, according to bankers.The firm, part of state-owned conglomerate Dubai World, is aiming to raise the loan to $3 billion, four banking sources said, speaking on condition of anonymity because the information is not public.The existing margin on the loan is 225 basis points over the London interbank offered rate (Libor), according to Thomson Reuters data.Lenders who funded the original loan included Barclays, Citigroup, Deutsche Bank and HSBC, according to the data.
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