Monday, 20 February 2023

#Dubai government redeems $750mln Islamic bond

Dubai government redeems $750mln Islamic bond

The emirate of Dubai's Public Debt Management Office has redeemed $750 million worth of Islamic bonds, or sukuk, issued on Jan. 30, 2013, Dubai media office wrote on Twitter on Monday.

The government has also paid back early an additional $300 million of sukuk due to mature in November 2026, the media office said.

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