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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Emerging Trends, Market Moves, Performance more

Dubai’s $20bln bond will restore market confidence

Posted on 05 May 2009

From Business24-7.ae: The $20 billion (Dh73.4bn) bond issue launched by the Dubai Government in response to the global financial crisis will provide the stimulus needed to restore confidence in the emirate’s economy, says a new report.

“This bond sale is a way for Dubai to raise money at a cheap rate and provide the government with the necessary funds to substitute for the liquidity that has dried up globally and meet all upcoming financial obligations,” said the study by the Dubai Chamber of Commerce and Industry…….Full Article: Source

 
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