27.04.2012 - Dubai sukuk brings enough for budget gap
Proceeds from Dubaiís new $1.25bn, two-tranche Islamic bond provide enough funds for the Gulf emirate to manage its budget deficits and refinancing plans, a senior government official said. Dubai priced on Wednesday a $600mn 5-year tranche at 4.9% and a $650mn 10-year tranche at 6.45% and the department of finance said the issues drew orders of more than $4.5bn..............................................Full Article: Source
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