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Dubai repays $654m in Eurobonds, loans
- United Arab Emirates: Thursday, November 27 - 2008 at 08:11
Dubai Holding Commercial Operations Group, a state-owned investment vehicle, on Wednesday said it had repaid Dhs2.4bn ($654m) in Eurobonds and maturing bank loans from its own resources, a few days after Dubai Government reassured the public of its debt obligations. 'The Dhs1bn Euro-bonds issued last year, as part of broadening the company's investor base and funding sources, matured in November this year and were repaid from the company's internal cash flows,' Dubai Holding said.
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Jeff Florian, Senior ReporterThursday, November 27 - 2008 at 08:11 UAE local time (GMT+4)
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