From Khaleejtimes.com: With Dubai all geared up for the dual-tranche Eurobond sale, the size of the order book was estimated to exceed $1 billion by sources at lead managers. On Monday, Dubai mandated HSBC, Deutsche and Standard Chartered to lead the dollar-denominated bond, the first since last year’s debt crisis.
According to one source, the five-year issue would carry an initial yield guidance of 6.75 per cent, while the 10-year tranche may yield around eight per cent……………………………………….Full Article: Source