25.04.2012 - Dubai plans $1bln Sukuk as economy accelerates
Dubai is returning to the bond markets for the first time in almost a year with a planned US$1 billion (Dh3.67bn) debt sale. The emirate has hired four banks to handle the sale of the Islamic bonds, known as sukuk, as it emerges from a financial crisis that culminated with the $24.9bn restructuring of Dubai World debt between 2009 and 2010. "The move could lead to lower borrowing costs for UAE companies if the Government's bond sale meets with high demand," said Debashis Dey, the head of capital markets at Clifford Chance, a law firm...............................................Full Article: Source
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