Dec 25 2011 |
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DIFC Investments Says Repaid $200 Mln Loan To Deutsche Bank
Sunday, Dec 25, 2011
(This story was originally published Friday.)
DUBAI (Zawya Dow Jones)-- DIFC Investments LLC, the real-estate and financial investment arm of Dubai International Financial Centre, said Friday it has fully repaid $200 million to Deutsche Bank AG (DB) under the terms of a loan facility.
The loan facility was a multi-currency term and revolving facility agreement between DIFC Investments and Deutsche Bank Luxemburg SA, being the agent, the company said in an emailed statement.
Last year, DIFC Investments embarked on a $1 billion restructuring plan aimed at divesting its non-core investments by the end of 2011.
Moody's estimated the total debt of the Dubai government and state-owned non-financial companies to be $101.5 billion.
-By Nikhil Lohade, Dow Jones Newswires; +9714 446 1694; nikhil.lohade@dowjones.com
(END) Dow Jones Newswires
25-12-11 0349GMT
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