Jan 25 2012 |
more articles from
|
Dubai Holding Commercial Operations Group Confirms Repayment of US $ 500m bond
Dubai, January 25: Dubai Holding Commercial Operations Group ( DHCOG ) confirmed today the repayment, on February 1, of a US $500 million bond and three scheduled coupon payments on its Medium Term Notes.Ahmad Bin Byat, Chief Executive Officer, Dubai Holding said: " Dubai Holding Commercial Operations Group will repay the US dollar bond, and make the coupon payments, from its internal cash flow. Today's announcements reaffirm DHCOG 's proven track record of meeting its financial obligations in full when they are due.
" DHCOG 's operating liquidity remains good. It has robust hotel management, telecom, free zone and property businesses that contribute a healthy cash flow."
The USD 500,000,000 Floating Rate Medium Term Note (3M USD LIBOR + 0.375% p.a. floating rate) due on the 1st February, 2012. The total coupon payment of USD 1,027,900 is for the period 1st November, 2011 to 1st February, 2012.
The EURO 750,000,000 Fixed Rate Medium Term Note (4.750% p.a.) due on the 1st February, 2012. The total coupon payment of EURO 35,625,000 is for the period 1st February, 2011 to 1st February, 2012.
For media enquiries please contact:
Malcolm Ward
APCO Worldwide
Mobile: +0506246539
Email: Malcolm.Ward@apcoworldwide.com
© Press Release 2012
Zawya Comment Policy
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Copyright © 2012 Zawya Ltd. All rights reserved. |
provided by www.zawya.com |
Post Your Comment