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DIFC Investments repays US$500m syndicated loan before maturity

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03-Dec-2008

 DIFC

Dubai International Financial Centre's commercial operations and  investments are managed by DIFC Investments

DIFC Investments, the investment arm of the Dubai International Financial Centre (DIFC), announced that it has repaid its US$500 million syndicated loan facility in full.  The loan was due to mature on December 5, 2008.

DIFC Investments manages the Dubai International Financial Centre's commercial operations and the investments. DIFC Investments' rating have been reviewed and reconfirmed few weeks ago by S&P at A+ and also reviewed and reconfirmed by Moody's around the same period at A1.

The Dubai International Financial Centre (DIFC) is an onshore hub for global finance. It bridges the time gap between the financial centres of Hong Kong and London and services a region with the largest untapped emerging market for financial services. In just four years, over 750 firms have registered at the DIFC.