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UAE-based RAKBANK repays $800mln bond
The National Bank of Ras Al Khaimah, RAKBANK, has announced the repayment of the outstanding nominal amount of US$681.67 million on its RAKFunding Cayman Ltd. 5-year US$800 million bond matured on 24th June 2019. RAKBANK had issued US$500 million bond earlier this year in April 2019 through RAKFunding Cayman Ltd….
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