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Markaz announces $100m bond repayment on maturity

Kuwait Financial Centre (Markaz) has announced the repayment of all of its $100m bonds on the specified maturity date. The investment firm issued the five-year bonds in 2007 with a Floating Rate Notes of 110 basis points over LIBOR paid quarterly. With this issue, Markaz was the first non-UAE company to list a conventional bond on Dubai International Financial Exchange (DIFX), the company said.