Wednesday 10 February 2016

UAE looks to bond market to raise funds | The National

UAE looks to bond market to raise funds | The National:

"The UAE yesterday brought forward plans to issue federal debt on international markets.

The UAE plans to raise between Dh80 billion and Dh100bn via a bond issue, pending the passage of a national law permitting federal debt issuance, Younis Al Khouri, the undersecretary at the Ministry of Finance, told Al Arabiya yesterday.

The UAE has not yet raised federal debt, although Abu Dhabi and Dubai have both tapped international bond markets."



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