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Dubai govt says to decide on bond sale over 1-2 weeks-investors

Posted on 23 October 2009

From Dow Jones: The Dubai government told investors Thursday it will decide whether to launch a global bond sale in the next two weeks once it has gauged the interest of a broad range of investors, according to two investors who met with top officials from Dubai’s Department of Finance.

The bond offering would be part of Dubai’s effort to tackle its $80 billion debt pile, most of which was incurred during the emirate’s property, tourism and logistics boom. It has used half of a planned $20 billion bond program and is considering tapping the remainder…………………….Full Article: Source

 
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