Dubai Holding to prepay $319.3m loan | GulfNews.com

Dubai Holding to prepay $319.3m loan | GulfNews.com:



"Dubai Holding Commercial Operations Group (DHCOG) on Wednesday announced that on May 13, it will voluntarily prepay the entire outstanding principal of $319.3 million (Dh1.17 billion) along with accrued interest, of the amortising $555 million facility originally maturing on December 31, 2015.



The prepayment of this secured facility will be made from DHCOG’s available funds.



Since 2011, DHCOG has been consistently paying all its outstanding bonds on maturity. Most recently, DHCOG repaid 750 million-euro (Dh3.75 billion) bond in January 2014.



The Group’s next significant maturity is £500 million (Dh3 billion) bond due in February 2017."



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