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SINGAPORE-LISTED Macquarie International Infrastructure Fund said it had sold its entire stake in Macquarie Airports for $154.3 million.
The fund said in a statement on Friday it would use the proceeds to reduce its existing debt to $23.9 million.
It also said it had accepted offers from unnamed financial institutions to establish $440 million in term debt facilities with a three-year maturity.
Existing short-term debt facilities would be cancelled as they came up for renewal over 2008, the fund said. -- REUTERS
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