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Dubai’s debt clouds disperse

Posted on 15 June 2012

Three-year old debt clouds hanging over Dubai dispersed this week as two of the most challenging bond maturities at its government-related entities were tackled, increasing confidence in the market and sparking renewed buying in the emirate’s secondary credit.
DIFC Investments, the company that runs Dubai’s iconic international financial centre, repaid in full a USD1.25bn sukuk which matured on June 13, using funds raised through a partially government-guaranteed Islamic loan and a programme of asset sales………………………………………..Full Article: Source

 
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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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