Dubai to issue dirham bonds
United Arab Emirates: Monday, April 14 - 2008 at 08:50
The Dubai government plans to issue dirham denominated bonds to access the debt capital markets. It will be done under the Dhs15bn medium-term note programme, reports Gulf News. Funds raised will be used to pay for local infrastructure needs and help develop the domestic bond market. The programme is being run by Emirates NBD and Standard Chartered Bank.
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StaffMonday, April 14 - 2008 at 08:50 UAE local time (GMT+4)
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