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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Financials

Dubai plans $5 bln bond

Posted on 14 June 2011

The Government of Dubai plans to raise up to $5 billion under a Euro Medium Term Note, or EMTN, programme in a move to bridge its budget deficit and fuel growth.
Dubai’s investment arm, the Investment Corporation of Dubai, or ICD, owns Dh23 billion in listed assets and Dh235.8 billion in unlisted companies, the prospectus showed. ICD agreed in May to a $2.8 billion, five-year loan refinancing with banks, which will be the largest loan to emerge from Dubai since its financial crisis……………………………………….Full Article: Source

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