Dubai Holding Commercial Operations Group (DHCOG), a unit of the conglomerate owned by Dubai's ruler, on Thursday said it had repaid a 250 million Swiss franc ($304.9 million) bond, maturing on July 14.
'Dubai Holding Commercial Operations Group is committed to meeting its financial obligations as they fall due,' the company said in a statement to the bourse.
The company, the main unit of Dubai Holding, had said it would repay the Swiss franc bond when it announced its annual results in April, a move positively received by investors.
How much has Swiss Franc appreciated the past few years? 25% roughly?
ReplyDeleteThat must have hurt.