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Abu Dhabi’s TDIC likely to return to debt market

Posted on 15 April 2011

Abu Dhabi’s Tourism Development and Investment Company (TDIC) may return to the capital markets in the second half of this year or during the first quarter of 2012 to sell new debt, James Pringle, TDIC’s Acting Chief Executive Officer, said on Wednesday.
TDIC currently has a $1 billion (Dh3.6 billion) sukuk and a $1 billion bond in the market and these are being serviced, said Pringle. Both the sukuk and the bond will mature in 2014 - the bond in July 2014 and the sukuk in October 2014, a senior TDIC executive told Gulf News………………………………………Full Article: Source

 
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