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Abu Dhabi Government moves to issue benchmark bond

Posted on 27 March 2009

From Thenational.ae: The Abu Dhabi Government is moving to develop a more mature debt market by issuing a “benchmark” bond, bank sources say. The news follows calls from officials and analysts for Gulf governments to issue the bonds, which are necessary for developing debt markets.

A bond market attracting a larger number of buyers and sellers could eventually provide companies with an alternative way of raising funds, which have grown scarce since the financial crisis forced banks to cut lending…..Full Article: Source

 
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