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Sovereign Wealth Funds Briefing - Categorized | Financials

Dubai’s outstanding debt put at $31.4 ln

Posted on 06 July 2011

Another $6 billion of the outstanding total represents holding company level debt of the Investment Corporation of Dubai (ICD) (i.e. this excludes borrowings by any of ICD’s subsidiaries or other group companies currently estimated at around $12 billion). Of the $6 billion owed by the government, $4 billion was due this year, the Samba report said.
However, agreement has just been reached to refinance $2.8 billion over 5 years, with ICD repaying the remaining $1.2 billion……………………………………….Full Article: Source


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