UAE raises 1.5 bln dirhams in first local currency-denominated bond sale | Reuters
The United Arab Emirates has raised 1.5 billion dirhams ($408.43 million) in its first local currency-denominated bond auction, the state news agency WAM reported on Wednesday.
The sale of the two- and three-year tranches, each at 750 million dirhams, attracted 9.4 billion dirhams in offers combined, it added. The auction was the first of several planned for this year.
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