Dubai Holding Commercial Operations Group (‘DHCOG’) today confirms that on 13 May 2014, it will voluntarily prepay the entire outstanding principal (US$319.3 million) along with accrued interest, of the amortizing US$555 million facility originally maturing on December 31, 2015.
The prepayment of this secured facility will be made from DHCOG’s available funds.
Since 2011, DHCOG has been consistently paying all its outstanding bonds on maturity. Most recently, DHCOG repaid EUR 750 million bond in January 2014. The Group’s next significant maturity is GBP500 million bond due in February 2017.