Emirate of Ajman plans debut international bond | Reuters:
Ajman, the smallest emirate in the seven-member UAE federation, plans to sell its first U.S. dollar-denominated bond next year, a government official told Reuters.
Governments in the Gulf have increasingly relied on foreign funding over the past few years as the region’s economy has slowed down following a slump in oil prices.
Should it go ahead with its plans, Ajman would be the fifth emirate to issue debt internationally after Dubai, Abu Dhabi, Sharjah and Ras Al Khaimah.
No comments:
Post a Comment