Dubai plans to issue a bond to refinance part of 6.5 billion dirhams ($1.8 billion) of sovereign debt maturing in April 2013, its finance chief was quoted as saying by a newspaper on Monday.
Abdulrahman al-Saleh, Director General of the Dubai Department of Finance, did not discuss the size or timing of any new bond or give other details, and government officials were not available to confirm his comments………………………………………..Full Article: Source