The UAE may issue its first sovereign bond toward the end of the year or early next year, Obaid Humaid Al Tayer, Minister of State for Financial Affairs, said yesterday.
The Federal National Council (FNC) passed a new public debt law last month, paving the way for the country's first debt issues at the federal level.
Asked when he expected to issue new bonds, Al Tayer told reporters on the sidelines of an FNC meeting that "either at the end of this year or the first part of next year".
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