The UAE expects its first ever federal sovereign bond issue to be around $1bn after a public debt law is approved, a senior finance ministry official on Tuesday was quoted as saying.
The UAE’s top advisory council passed a new public debt bill in December 2010, aiming to establish a local debt market in one of the world’s top five oil exporters, but the legislation is still awaiting presidential approval it needs to become law………………………………………..Full Article: Source