Dubai plans to issue a bond to refinance part of 6.5 billion dirhams ($1.8 billion) of debt maturing in April 2013, its finance chief was quoted as saying by a newspaper on Monday.
Abdulrahman al-Saleh, Director General of the Dubai Department of Finance, was also quoted as saying by the Al Bayan daily that the emirate was not under pressure to sell debt.
Future bond issuance could support expansion of Dubai's aviation sector, he added.
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