UAE- DIFC Investments confirms repayment of USD1.25b Sukuk
14 Jun 2012
(MENAFN) DIFC Investments’ chairman, Abdullah Mohammed Saleh, announced that the company has repaid its USD1.25 billion Islamic bond, reported Arabian Business.
The chairman added that the company, a unit of Dubai International Financial Center (DIFC), inked a USD1.04 billion 5-year loan to fully repay the Islamic bond.
Saleh, who is also the governor of the DIFC, said that the repayment of the sukuk reiterates DIFC Investment’s commitment to fulfill its obligations.
It is worth noting that the bond, which was viewed as one of the most challenging maturities for Dubai in the current year, matured on the 13th of this month.