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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Market Moves more

Emirates to repay $550mln sukuk in full

Posted on 14 June 2012

Dubai’s Emirates, the fast-expanding Gulf airline, will repay in full a $550 million Islamic bond maturing later in June, a senior executive told a local newspaper. The sukuk that matures on June 16, will not be refinanced, Emirates’ President Tim Clark said in a interview with the Dubai-based paper in Beijing.
“No, we are not refinancing the $550m (bond). We are just about to repay the sukuk,” he was quoted by the paper………………………………………..Full Article: Source

 
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