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Dubai repays $909m bonds on maturityThe government of Dubai has fully repaid Dh3.34 billion ($909 million) of bonds which were due on April 23, the emirate's media office said in a statement on Sunday. The repayment was part o More… |
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Banks to repay ECB $16.3bnBanks will next week repay the European Central Bank (ECB) 12.495 billion euros ($16.34 billion) of two three-year loans they took a year ago, a drop in the payback rate that shows they prefer to hold surplus cash in case financial markets clog More… |
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ENBD to start repaying govt support cashEmirates NBD, Dubai's biggest bank, said it will start repaying part of the Dh12.6 billion it received from the government in 2008, after reporting forecast-beating quarterly results. The UAE's Ministry of Finance placed D More… |
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Dana Gas, creditors to thrash out sukuk dealDana Gas could become the first company in the UAE to restructure a bond as concerns rise that it will not have enough cash to repay a $1 billion convertible sukuk (Islamic bond) at maturity in October. The Abu Dhabi-listed firm said More… |
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Dar Al Arkan to repay $987m debtSaudi Arabia's biggest property developer Dar Al Arkan plans to repay about 3.7 billion riyals ($986.6 million) of debt this year, its chief financial officer said. 'Beyond the SR2.5 billion cash in hand on December 31, we plan to More… |
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Aldar says repaid $1.2bn bond on timeIndebted Aldar Properties repaid a $1.18 billion convertible Islamic bond (sukuk) due on November 10 last year on time, the company said in a statement to the bourse, dated December 28 but released on Wednesday. Aldar, which last week rece More… |
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UNB eyes debt to repay $1bn loanAbu Dhabi lender Union National Bank (UNB), may raise medium-term debt to partly repay a $1 billion term-loan maturing in December, its bond prospectus showed. The bank, which held roadshows in Abu Dhabi and Dubai on Sunday for the potenti More… |
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BMI Bank repays $120m loanBahraini retail and commercial banking institution, BMI Bank (BMI) said it had paid back its three-year syndicated term loan of $120 million on the scheduled date demonstrating its strong liquidity position. The $120 million three-yea More… |
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Dar al-Arkan 'can repay $587m sukuk'Saudi home builder Dar al-Arkan has enough cash to repay 2.2 billion riyals ($586.7 million) worth of an Islamic bond that matures next month, its chief financial officer said on Saturday. Benoit Bellerose was speaking after Saudi Arabia's More… |
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Abdullahs to repay $165m Damas 'transactions'Dubai jeweller Damas International said that two executives and the former head of the company had registered 350 million shares to repay nearly $165 million in 'unauthorised transactions.' The three Abdullah brothers made the pled More… |
