Dubai companies are set to pick up the pace of bond sales to profit from lower borrowing costs after yields plunged last week at an offering by the sheikhdom, according to the United Arab Emirates’ biggest bank.
Sales by Dubai-based entities are likely to surpass last year’s $6.95 billion, according to Mohammad Kamran Wajid, head of Emirates NBD (EMIRATES) PJSC’s investment banking unit. “Bonds and sukuk are now becoming the name of the game and issuers should take advantage of this investor class,” Wajid said………………………………………..Full Article: Source