The Dubai government launched a $1.25 billion two-tranche Islamic bond on Wednesday, issue arrangers said, at the lower end of earlier indicated yield guidance, signalling healthy appetite for the emirate’s latest debt market foray.

Dubai launched a $600 million 5-year tranche at 4.9 percent and a $650 million 10-year tranche at 6.45 percent. Final guidance issued earlier on Wednesday had been tighter than initial indications from the previous day………………………………………..Full Article: Source