Dubai launches $20 bln bond issue
From: Business
Category: Business
02/23/2009 (4 h 2 m ago)
Dubai government launched a bond program of 20 billion U.S. dollars to help it meet its financial obligations and press ahead with its development plans, local daily The National reported Monday.
The Finance Department plans to issue five-year bonds paying 4 percent interest per year, the report said, adding that the Central Bank of the United Arab Emirates (UAE) had subscribed to the first 10 billion dollars of the issue.
The move comes amid mounting concerns over whether Dubai, ...
The Finance Department plans to issue five-year bonds paying 4 percent interest per year, the report said, adding that the Central Bank of the United Arab Emirates (UAE) had subscribed to the first 10 billion dollars of the issue.
The move comes amid mounting concerns over whether Dubai, ...
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Andrea Joy Russell :: 06/23/2010