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Dubai plans $6.5bn note program
- United Arab Emirates: Monday, October 26 - 2009 at 10:02
The Dubai government has set up a $6.5bn program to sell medium-term notes as it launches its first international bond sale since June 2008, Bloomberg has reported. The offering is separate from a $10bn fund-raising program, which is part of a $20bn support fund that the Dubai government set has up for state-related companies. The sale of Islamic bonds and those that don't comply with Muslim banking rules may take place as soon as next week.
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StaffMonday, October 26 - 2009 at 10:02 UAE local time (GMT+4)
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