Dubai government redeems $750 mln Islamic bond

Arab World Materials 21 February 2023 04:43 (UTC +04:00)

The emirate of Dubai’s Public Debt Management Office has redeemed $750 million worth of Islamic bonds, or sukuk, issued on Jan. 30, 2013, Dubai media office wrote on Twitter on Monday, Trend reports citing Al Arabiya.

The government has also paid back early an additional $300 million of sukuk due to mature in November 2026, the media office said.