25.01.2013 - Dubai bonds raise $1.25bln in hint of recovery
Dubai says two bond offerings have raised $1.25 billion in what appeared to signal investor interest returning to the city-state after a stunning downturn. Wednesday's statement by Dubai's government said the second bond was added because of high demand for the original offering for a $750 million, 10-year Islamic bond known as sukuk. The additional 30-year conventional bond raised $500 million. The sales suggest Dubai is winning back financial confidence after a deep slump that hit in 2009, driving down property prices and requiring a $10 billion bailout from neighboring Abu Dhabi...............................................Full Article: Source
Print