30.04.2012 - Low borrowing costs could trigger wave of bond sales
The Dubai government's $1.25 billion (Dh4.59 billion) Islamic bond sale sets the stage for issuers in the emirate to take advantage of near record-low borrowing costs as they complete the refinancing of $15 billion this year. The emirate which narrowly escaped a default in 2009 priced five-year Islamic bonds at 4.9 per cent and ten-year sukuk at 6.45 per cent. The five-year pricing is Dubai's lowest on record for a dollar-denominated international sale, data compiled by Bloomberg show...............................................Full Article: Source
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