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Dubai to repay $1bln aviation Islamic bond

Posted on 05 November 2009

From Tradearabia.com: The Dubai government will use proceeds from a recent bond issue to pay off a $1 billion Islamic bond from the emirate’s department of civil aviation, maturing on November 4, a source familiar with the matter said on Wednesday.

‘The Dubai government will be using funds from the bond issue last week to pay off the department of civil aviation bond,’ the source said………………………Full Article: Source

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