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.