Dubai's du DU.DU has fully repaid a 3 billion dirhams ($816.8 million) syndicated loan facility, the telecoms carrier said in a statement on Sunday.
Du, which ended rival Etisalat's (ETEL.AD) domestic monopoly in 2007, used a "combination of existing financing facilities and cash" to repay the syndicate of 16 banks, it said in a bourse statement. The three-year facility was set up in 2008 and matured on June 30.
On June 7, du said it had closed a $220 million three-year refinancing facility and this would in part be used to pay off the maturing facility.
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