Dubai's plan to issue up to $1 billion in sovereign bonds could help to revive bond market activity in the emirate, but investors say securing a credit rating remains crucial for wider investor appeal.
Expected as early as next week, the emirate's first government debt sale since the bursting of its real estate bubble and subsequent debt crisis last year could be a step towards rehabilitating its image in the eyes of international investors.
"It has to be at a decent price. But it will find an audience, that's for sure," said Haissam Arabi, chief executive of Dubai-based Gulfmena Alternative Investments.
No comments:
Post a Comment