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English news

06-Mar-2016

DHCOG plans to buy back some of its outstanding debt

Dubai Holding Commercial Operations Group (DHCOG) launched invitations to holders of GBP500 million outstanding notes maturing Feb 1, 2017 to tender their notes for purchase for cash at prices which will be determined by an auction process. DHCOG proposes to purchase up to GBP250 million in aggregate nominal amount of notes. The commencement of offer will be March 3 and the expiration deadline is on March 11. (Bloomberg)

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