Wednesday, 11 September 2019

#Dubai weighs comeback to global debt markets - sources - Reuters

Dubai weighs comeback to global debt markets - sources - Reuters:

The government of Dubai has held talks with banks about a potential issue of U.S. dollar-denominated bonds, two sources familiar with the matter said, in what would be its first international debt sale since 2013.

A potential deal is likely to see investors pour money into the notes, as global buyers seek high-yielding assets in a low-rate environment. The Dubai government had raised $1.25 billion in 2013 through Islamic and conventional bonds.

Such a deal would come at a delicate time for Dubai, where the economy last year grew at the slowest pace since a contraction in 2009, when it was hobbled by a debt crisis.

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