23.01.2013 - Dubai raises $1.25bln in bonds
Marking the first sovereign Islamic bond sale in the GCC this year, Dubai on Tuesday launched a $1.25 billion two-part conventional and Islamic bond sale to take the advantage of low borrowing costs and speedy economic rebound. The $750 million 10-year Islamic bond, or sukuk, launched at 3.875 per cent, well inside guidance of four per cent range, while the $500 million 30-year bond sold at 5.375 per cent...............................................Full Article: Source
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