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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Emerging Trends, People more

Dubai’s next bond will be ‘well received,’ ruler says

Posted on 10 November 2009

From Bloomberg: Dubai’s second half of a $20 billion bond program will be “well received,” and those who doubt the unity of Dubai and Abu Dhabi should “shut up,” the emirate’s ruler Sheikh Mohammed Bin Rashid Al-Maktoum said.

“The second tranche of the bond program will be well received, it will be widely subscribed and will be used directly to meet Dubai’s obligations in the next few years,” Sheikh Mohammed told an investors conference organized by Bank of America Merrill Lynch in Dubai today………………………….Full Article: Source

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