UAE - Mubasher: Dubai government has repaid $750 million (AED 2.755 billion) in bonds that reached maturity on 5 October, the Dubai Department of Finance announced on Tuesday.
These bonds were issued on 4 October 2010 under a euro medium-term note programme.
All the notes were redeemed in full after the Department of Finance had repaid their total amount value to their holders with due interests.
It is noteworthy to mention that in September, Dubai sold $2 billion in dual-tranche bonds to alleviate the coronavirus (COVID-19) economic impact, marking its first sale in public debt markets in six years.
