22.01.2013 - Dubai eyes new sukuk issue, may raise at least $1 bln
The government of Dubai has mandated four banks for a potential Islamic bond, or sukuk, issue, four sources familiar with the matter said on Monday, as the emirate seeks to benefit from its lowest borrowing costs since a crippling debt crisis in 2009. Three of the sources indicated the new issue could be announced as early as Tuesday, and two sources said the borrower was looking to raise at least $1 billion from the sale. All sources declined to be identified because the information is not yet public. A Dubai government spokesperson was not immediately available for comment...............................................Full Article: Source
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