Dubai has mandated four banks for a sovereign bond issue of up to $1.5 billion which may be launched as early as this week, two sources familiar with the matter told Reuters on Tuesday.
The Gulf Arab emirate, which has been slowly recovering from a crippling 2009 debt crisis, is tapping debt markets again nearly a year after it issued a $500 million bond.
It selected HSBC Holdings, Citigroup Inc, Dubai Islamic Bank and National Bank of Abu Dhabi for the issue, said the sources who spoke on condition of anonymity.
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