UAE''s Tabreed repays $200 million Islamic bond
Tabreed stated that it fully repaid a 200 million US dollar Islamic bond. It seems that the total amount paid to certificate holders of the bond was 735 million UAE dirhams.
Dubai-listed Tabreed is one of the many Gulf companies which has to restructure its debt after an economic boom, fuelled by record-high oil prices and easy credit, ended abruptly and caused a property market crash.
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