Dubai is launching meetings from Thursday to test appetite for future debt from the emirate after one of its most troubled state-linked firms paid off US$1.2 billion in debt, a sign confidence is returning to the emirate.
The Dubai government said on Monday it planned fixed income roadshows across Europe, Asia and the UAE from October 22, but added the meetings were not linked to its US$20 billion bond programme aimed at assisting state-linked firms.
A Banker involved in the transaction told Bloomberg the Government of Dubai plans to meet with fixed income and Islamic investors. Islamic Bank PJSC, Mitsubishi UFJ Securities International, Standard Chartered Plc and UBS AG are arranging the meetings, the banker said.
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