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Wednesday, 15 June 2011

Mixed feelings in City of London over Dubai bond sale - The National

In various parts of the City of London this week, analysts are scratching their heads and trying to answer one question: should they lend more money to Dubai?

A stellar cast of investment bankers from Standard Chartered, HSBC, Emirates NBD and UBS has been hired to sell the Dubai Government's 10-year dollar bond with a five-year put option.

This follows the sale of five and 10-year bonds by the Government of Dubai in October last year that carry a coupon of 6.7 per cent and 7.75 per cent respectively, according to data from Reuters.