Dubai Holding’s unit offers to repurchase GBP 500m bonds

Dubai – Mubasher: Dubai Holding Commercial Operations Group LLC, a subsidiary of Dubai Holding, today invited holders of the GBP500 million ($699.69 million) outstanding notes to tender them for buy-back starting Thursday.

The notes are maturing on 01 Feb 2017.

The company added it will buy back the notes for cash at prices to be determined pursuant to an unmodified Dutch auction.

The unit also said it would buy up to GBP 250 million at a minimum price of 99.0%

Mubasher Contribution Time: 03-Mar-2016 10:05 (GMT)