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DIFC Investments repays $500mn loan in full

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Tuesday, 02 December 2008
LOAN REPAID: DIFC Investments has repaid a $500 million loan to fund a UK acquisition. (Getty Images)
LOAN REPAID: DIFC Investments has repaid a $500 million loan to fund a UK acquisition. (Getty Images)

DIFC Investments, the investment arm of the Dubai International Financial Centre, announced on Tuesday that it has repaid a $500 million syndicated loan facility in full.

The loan was due to mature on December 5, the company said in a statement.

DIFC Investments manages the Dubai International Financial Centre's commercial operations and the investments.

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DIFC Investments’ rating was recently reviewed and reconfirmed by Standard & Poors at “A+”. It has also been reviewed and reconfirmed by Moody’s around the same period at “A1”.

DIFC Investments signed the $500 million loan in March 2008 to back its acquisition of UK's SmartStream Technologies Group.

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