From Thenational.ae: Dubai’s proposed US$1.5 billion (Dh5.51bn) sukuk issuance in Malaysia has received a mixed response from investors with some saying the emirate’s lack of a credit rating would lead to lower demand in current market conditions.
Officials at the Dubai Department of Finance are exploring options for a multi-currency Islamic bond issuance in the world’s largest sukuk market as the emirate refinances its debts……………………………………….Full Article: Source