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.


Tabreed names banks for Sukuk issuance

Business 24/7 reported on 13 April that National Central Cooling Co (Tabreed) has mandated Morgan Stanley, Standard Chartered and National Bank of Abu Dhabi as lead managers for its planned USD 300-500 mn convertible Sukuk due by 2011.


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