Dubai's Department of Finance said it had repaid a $1bn Islamic bond, or sukuk, from the emirate's civil aviation authority which matured on Nov 4. 'This comes after the government of Dubai issued a two-tranche, $1.93bn sukuk on October 28, 2009, following a highly successful international roadshow which generated a large order book with over 300 investors placing orders in excess of $6.3bn equivalent,' the department said in a statement.
You might also like...
McDermott completes financial restructuring exercise
28 March 2024
Region heads for hotel boom
28 March 2024
Lowest bidders emerge for Kuwait housing project
28 March 2024
Redcon wins Red Sea Triple Bay infrastructure deal
28 March 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.