Thursday, 22 October 2009

Dubai CDS falls to year's lowest ahead of bond roadshow

Dubai is likely to offer a new bond/sukuk to investors at a global roadshow that begins today.

Investors in the UAE will be briefed about the "fixed-income instrument" at a meeting on Sunday followed by London on Monday.

A Dubai Government official has clarified that the roadshow is not linked to the government's second $10 billion (Dh36.7bn) tranche of the $20bn bond programme.

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