Dubai repays $750mln bonds due in October
- Date: 07-Oct-2020
- Source: Zawya
- Sector:Financial Markets
- Country:uae-top-picks
Dubai repays $750mln bonds due in October
Dubai repays $750mln bonds due in October "Upon maturity, all the notes were redeemed in full," the department of finance said United Arab Emirates Currency - Dirhams. Dubai, United Arab Emirates. Image used for illustrative purpose. DUBAI - The government of Dubai has repaid $750 million in bonds that reached maturity on Oct. 5, the department of finance said in a statement on Tuesday."Upon maturity, all the notes were redeemed in full," it said.Dubai sold $2 billion in dual-tranche bonds last month, its first sale in public debt markets in six years, as it seeks to boost finances hit by the coronavirus crisis.(Reporting by Davide Barbuscia; Editing by Alison Williams) (([email protected]; +971522604297; Reuters Messaging: [email protected]))Zawya CoverageeconomyIMF's Georgieva says global economy facing 'long ascent' to recoveryecommerceGCC e-commerce boom to reach