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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation

Dubai Holding unit to repay $500 mln in bonds

Posted on 26 January 2012

A unit of Dubai Holding, a conglomerate owned by Dubai’s ruler, said Wednesday that it will repay $500 million in bonds maturing on February 1, while Fitch agency revised the rating of the group from negative to stable.
Dubai Holding Commercial Operations — a hospitality, media and property group — said in statement to Nasdaq Dubai financial market that it confirmed repayment of the $500 million maturing on February 1………………………………………..Full Article: Source


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