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DIFC Investments Repays US$500m Syndicated Loan Before Maturity

Published December 4th, 2008 - 02:50 GMT
Al Bawaba
Al Bawaba

DIFC Investments, the investment arm of the Dubai International Financial Centre (DIFC), announced today that it has repaid its US$500 million syndicated loan facility in full yesterday.  The loan was due to mature on December 5, 2008.

DIFC Investments manages the Dubai International Financial Centre's commercial operations and the investments. DIFC Investments’ rating have been reviewed and reconfirmed few weeks ago by S&P at A+ and also reviewed and reconfirmed by Moody’s around the same period at A1.