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Dubai may issue second tranche of bonds
- United Arab Emirates: Saturday, October 10 - 2009 at 09:51
The Dubai government could possibly raise the second tranche of $20bn government bond programme this month, according to a member of the Dubai Executive Council, agencies have cited remarks aired on Friday. Emaar CEO Mohammad Al Abbar has told CNN the dates could not be confirmed when it will be issued but has expressed November could be the reasonable date. Dubai has early this year raised $10bn in emergency cash from the UAE Central Bank through a bond issue.
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Medilyn Manibo, Assistant News EditorSaturday, October 10 - 2009 at 09:51 UAE local time (GMT+4)
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