Dubai Says Repays $909m Bonds On Maturity
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Dubai Says Repays $909m Bonds On Maturity

Dubai Says Repays $909m Bonds On Maturity

The repayment was part of a dual-tranche facility issued in April 2008.

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The government of Dubai has fully repaid Dhs3.34 billion ($909 million) of bonds which were due on April 23, the emirate’s media office said in a statement.

The repayment was part of a dual-tranche, Dhs15 billion medium-term facility issued in April 2008, the statement said.

“This repayment reaffirms Dubai Government’s commitment to deal with its repayment obligations in a proactive manner,” Abdulrahman Saleh al-Saleh, director general of Dubai’s department of finance, said in the statement.


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