Dubai Holding has announced that it will repay the entire outstanding principal, along with accrued interest, of its final and remaining GBP500 million ($625.5 million) bond maturing on February 1.

 This will be the last tranche of Dubai Holding Commercial Operations Group’s multi-currency, Medium-Term Notes Programme issued in 2007.

The full repayment will be made from Dubai Holding’s internal resources.

Following the repayment of the GBP500 million bond, Dubai Holding will have no public debt outstanding, a statement said. – TradeArabia News Service