Dubai repays 10-year $750m bonds certificates

Dubai repays 10-year $750m bonds certificates

The Dubai government has repaid a $750m (Dhs2.755bn) fixed rate note issued on October 4, 2010, which matured on October 5, 2020, it announced on Tuesday.

The facility is part of the government's Euro Medium Term Note programme.

The Government of #Dubai, acting through the Department of Finance, repays $750 million in bond certificateshttps://t.co/5MnAWFhU9M

“” Dubai Media Office (@DXBMediaOffice) October 6, 2020

The government said in a statement via the Dubai Media Office, that "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.“

In September, Dubai issued $2bn in sukuk and bonds at the lowest-ever interest rate.

Read: Dubai issues $2bn in sukuk and bonds at lowest ever interest rate

It included a 10-year Islamic sukuk of