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Thursday, 16 February 2017

Dubai expected to issue dollar bond this quarter –sources | Reuters

Dubai expected to issue dollar bond this quarter –sources | Reuters:

"The emirate of Dubai is expected to issue a U.S. dollar bond by the end of the first quarter, though it has not yet sent to banks any official requests for proposals to arrange the issue, banking sources familiar with the matter said on Thursday.

Banks that had lead managers’ roles on Dubai’s previous debt issues have pitched for a new mandate, added one of the sources, speaking on condition of anonymity because the matter is private.

The size of the deal is likely to be larger than a benchmark issue, which conventionally means upwards of $500 million, the same source said."



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