| From Dow Jones: The Dubai government told investors Thursday it will decide whether to launch a global bond sale in the next two weeks once it has gauged the interest of a broad range of investors, according to two investors who met with top officials from Dubai's Department of Finance.
The bond offering would be part of Dubai's effort to tackle its $80 billion debt pile, most of which was incurred during the emirate's property, tourism and logistics boom. It has used half of a planned $20 billion bond program and is considering tapping the remainder.........................Full Article: Source
|