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| 11 October, 2018

Dubai Aerospace approves $300mln bond repurchase program

Dubai Aerospace recently increased an existing four-year loan to $800mln

Image used for illustrative purpose.
A bank employee counts U.S. hundred dollar bills at Kasikornbank in Bangkok in this January 21, 2010 file photo. 
Image used for illustrative purposes

Image used for illustrative purpose. A bank employee counts U.S. hundred dollar bills at Kasikornbank in Bangkok in this January 21, 2010 file photo. Image used for illustrative purposes

REUTERS/Sukree Sukplang

DUBAI - State-owned Dubai Aerospace said on Thursday its board had approved a $300 million bond repurchase program.

One of the world's largest aircraft lessors, the company recently increased an existing four-year loan to $800 million. 

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(Reporting by Davide Barbuscia; editing by Jason Neely) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: davide.barbuscia.reuters.com@reuters.net))