08.03.2012 - Dubai to ease debt burden the duty free way
In an ideal world, Dubai would stick to vanilla financing as it rebuilds credibility in financial markets. But with bank credit scarce, alternatives such as Islamic bonds and securitization are coming into focus. There was plenty of appetite for the $800-million securitization of Dubaiís toll road receipts last year. Attempting to copy the trick with Dubai Duty Free should reassure investors that the emirate is willing to put its good assets to work to manage its still-huge debts...............................................Full Article: Source
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