From Bloomberg: Dubai may raise $1 billion in a two-part bond sale in its first sovereign issue since the Dubai World credit crisis, according to a banker and an investor involved in the deal. The Persian Gulf financial hub’s 5-year, $500-million issue may be priced to yield about 6.75 percent, according to the people with knowledge of transaction.
Dubai’s 6.396 percent Islamic bonds maturing 2014 were yielding at 6.403 percent, down one basis point, at 6:31 p.m. in the emirate, according to prices on Bloomberg……………………………………….Full Article: Source