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Monday, 9 January 2017

Investment Corporation of Dubai expected to issue dollar bond this month -sources | Reuters

Investment Corporation of Dubai expected to issue dollar bond this month -sources | Reuters:
"Investment Corporation of Dubai (ICD), the Dubai government's main investment arm, is likely to issue its planned U.S. dollar-denominated bond this month but has yet to decide whether it will be a sukuk or a conventional bond, sources said on Monday.

The bond will be benchmark-sized, which traditionally means upwards of $500 million, and ICD has picked banks to arrange the issue, the sources familiar with the matter told Reuters, speaking on condition of anonymity because the information is private.

An ICD spokeswoman did not respond to a request for comment via email."

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