Tuesday, 17 October 2017 06:35 GMT
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UAE- Aldar repays $1.25 billion bond

(MENAFN - Khaleej Times) Aldar properties on wednesday announced that it repaid a $1.

the bond that matured in may 2014 carried an annual interest cost of 10.75 per cent and was repaid using cash and by drawing down on committed liquidity facilities that carry an annual interest cost of 1.7 per cent. aldar says its weighted average cost of debt has reduced from 5.8 per cent to 2.8 per cent.

the bond was repaid using cash and by drawing down on committed liquidity facilities that carry an annual interest cost of 1.7 per cent.


UAE- Aldar repays $1.25 billion bond