Dubai pays off $750m on a fixed-rate note dating from 2010
It had become due on October 5 and all payments, including interest, has been cleared
Image Credit: Ahmed Ramzan/Gulf News
Dubai: The Dubai Government has paid off $750 million (Dh2.75 billion) on a bond issue that matured on October 5. The payments were routed through the Department of Finance.
The $750 million fixed rate note was issued on October 4, 2010 under its Euro Medium Term Note Programme dated October 28, 2009. Upon maturity, all the notes were redeemed in full by making the required payment through the paying agent to the holders of the notes, along with accrued interest, the Department of Finance said in a statement.