jafza to raise 185b for redemption
Sunday 6 July 2025
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Jafza to raise $1.85b for redemption

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Jafza to raise $1.85b for redemption

Abu Dhabi - Arabstoday

Dubai’s Jebel Ali Free Zone (Jafza) plans to raise $1.85 billion towards the redemption of its $2-billion Islamic bond this year by issuing another sukuk and obtaining an Islamic financing facility, a source familiar with the plan said on Tuesday. The source, who declined to be named ahead of any official announcement, said Jafza aimed to raise $650 million from the new sukuk and $1.2 billion from the Islamic facility. The Islamic facility is expected to be a borrowing arrangement from banks, banking sources had said earlier . The rest of this year’s sukuk redemption would be paid for with Jafza’s internal cash resources. The state-owned company’s Dhs7.5 billion ($2.04 billion) sukuk comes due in November, and bond holders voted last month to let Jafza repay the debt early. The Jafza sukuk is one of the major corporate debt maturities in Dubai this year, and a smooth redemption would increase confidence that the emirate is bringing its debt problems under control. Moody’s Investors Service said in a report on Monday that the plan to raise new financing and repay the sukuk “would remove the existing refinancing risk that currently constrains Jafza’s ratings and thereby provide the company with a sustainable capital structure and a materially improved debt maturity profile”. Lead managers said last week that Jafza had picked seven banks to arrange its new sukuk issue. from gulf today.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

jafza to raise 185b for redemption jafza to raise 185b for redemption

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

jafza to raise 185b for redemption jafza to raise 185b for redemption

 



GMT 05:04 2024 Tuesday ,06 February

Skincare PR Performance Full Year 2017

GMT 10:08 2018 Wednesday ,24 January

Microsoft to open 4 data centres

GMT 23:35 2017 Saturday ,14 October

HM King congratulates French President

GMT 10:32 2017 Thursday ,10 August

No. 1 Murray out of Cincinnati with hip injury

GMT 07:10 2017 Monday ,06 February

Ahmed Zaher performs surprise role in new show

GMT 08:24 2017 Thursday ,04 May

Nahyan receives Speaker of Parliament

GMT 10:45 2017 Sunday ,12 February

Lebanese actress Nour praises “Good Night” film

GMT 20:15 2017 Friday ,18 August

Kuwaiti oil price up 24 cents to US$47.65 pb

GMT 21:32 2017 Saturday ,27 May

LMRA chief meets Indian ambassador

GMT 10:00 2018 Tuesday ,16 January

Volkswagen reports record global car sales

GMT 11:08 2018 Sunday ,07 January

More than 200 migrants storm Morocco-Spain border

GMT 13:35 2017 Wednesday ,22 March

Oman shares fall taking cues from regional bourses
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice