Dubai repays $750mln bonds due in October

"Upon maturity, all the notes were redeemed in full," the department of finance said

  
United Arab Emirates Currency - Dirhams. Dubai, United Arab Emirates. Image used for illustrative purpose.

United Arab Emirates Currency - Dirhams. Dubai, United Arab Emirates. Image used for illustrative purpose.

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DUBAI - The government of Dubai has repaid $750 million in bonds that reached maturity on Oct. 5, the department of finance said in a statement on Tuesday.

"Upon maturity, all the notes were redeemed in full," it said.

Dubai sold $2 billion in dual-tranche bonds last month, its first sale in public debt markets in six years, as it seeks to boost finances hit by the coronavirus crisis.

(Reporting by Davide Barbuscia; Editing by Alison Williams) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: davide.barbuscia.reuters.com@reuters.net))

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