UAE's "Shuaa" repays the entire $ 100 million 2017 bond

UAE-based Shuaa Capital announced the payment of the full $ 100 million bond issued by IDFGFC Ltd. in November 2017.

The company said in a statement to the Dubai Financial Market, today, Tuesday, that the repayment of the bonds comes on the heels of the recent success achieved by completing a new 3-year bond worth $ 150 million.

and last October, Shuaa announced the completion of a $ 150 million bond pricing process with pricing at an interest rate of 7.5%.

and last week, the company’s general assembly approved the issuance of non-convertible bonds worth up to $ 150 million.

Shuaa achieved profits of 164 million dirhams in the first half of this year, while the second quarter of the year only made about 267 million dirhams.