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Dubai's planned bond sale gets $6.6bn of bids
- United Arab Emirates: Wednesday, October 28 - 2009 at 14:26
Dubai's planned sukuk sale has attracted bids worth $6.6bn, Bloomberg has reported. Bids for the dollar-denominated, five-year fixed Islamic bond totaled $5bn, while offers for the dirham- floating rate Islamic note were $1.55bn, the news service reported, citing bankers involved in the deal said today. 'The order book shows that Dubai's story is gaining credibility,' Chavan Bhogaita, head of credit research at National Bank of Abu Dhabi, was quoted as saying.
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StaffWednesday, October 28 - 2009 at 14:26 UAE local time (GMT+4)
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