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Abu Dhabi considering bond next year
- United Arab Emirates: Saturday, November 03 - 2012 at 02:55
Abu Dhabi's Department of Finance has said the UAE emirate is considering a dollar debt sale in 2013, Bloomberg has reported. "There might be some plans for next year, but this is not imminent," said Saeed Almazrouei, head of debt management at the emirate's finance department. We are "considering an issuance in dollars. There is no plan to sell dollar debt this year," he said. Abu Dhabi, holder of about 6% of the world's proven oil reserves, is home to one of the world's richest sovereign wealth funds and has Standard & Poor's third-highest investment grade.
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