Ferrari theme park developer may extend debt maturities
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Dubai
ALDAR Properties PJSC, Abu Dhabi's largest developer and the builder of a Ferrari theme park, is considering extending maturities on parts of its 6 billion dirhams (S$2.3 billion) of debt.
The debt, which fell from 9.1 billion dirhams a year ago, includes loans due from 2016 to 2019, Chief Financial Officer Greg Fewer told reporters on a conference call on Monday. The rest is a US$750 million Islamic bond, or Sukuk, due in 2018.
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