Dubai's sovereign bonds have rallied this week, benefitting from good liquidity in the market as well as a rise of investor confidence in the high-flying emirate's ability to repay debts and sustain growth.
Traders cited a general improvement in investor sentiment towards Dubai over the last several months, thanks to its progress in restructuring corporate debt and its image as a safe haven amid regional instability.
Dubai's most recent sovereign issue, a two-tranche, $1.25 billion Islamic bond, or sukuk, has tightened substantially since its launch at the start of May.
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