Dubai's Emirates, the fast-expanding Gulf airline, will repay in full a $550 million Islamic bond maturing later in June, a senior executive told local newspaper Gulf News.
The sukuk that matures on June 16, will not be refinanced, Emirates' President Tim Clark said in a interview
with the Dubai-based paper in Beijing.
"No, we are not refinancing the $550 million (bond). We are just about to repay the sukuk," he was quoted by the paper.
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