Government of Dubai Media Office- 06 October 2015

 The Government of Dubai, acting through the Department of Finance, announced that the USD 500 million Fixed Rate Note issued on 04 October 2010 under its USD 4 Billion Medium Term Note Programme dated 28 October 2009, reached maturity on 05 October 2015.

Upon maturity, all the notes were redeemed in full by making the required payment through the paying agent to the holders of the notes, along with accrued interest.

Abdulrahman Saleh Al Saleh, Director General of the Department of Finance, said: "In line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, this settlement reaffirms Dubai Government's commitment to deal with its repayment obligations in a proactive manner. It also strengthens the government's resolve to honour all its financial obligations on time".

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© Press Release 2015