Dubai launches two-tranche $1.25 bln govt bond – lead
The yield on the $500 million five-year tranche stood at 6.7 percent and 7.75 percent for the $750 million ten-year tranche.
September 29, 2010 1:55 by Reuters
Dubai launched $1.25 billion worth of government bonds on Wednesday, a lead said, in the first issue from the Gulf Arab emirate since its debt crisis last year.
The yield on the $500 million five-year tranche stood at 6.7 percent and 7.75 percent for the $750 million ten-year tranche, one of the leads on the issue told Reuters.
(Reporting by Carolyn Cohn and Sujata Rao in London; Writing by Martin Dokoupil; Editing by Rachna Uppal)
More on GCC
-
Bahrain’s Batelco CEO leaves with immediate effect
-
Arabtec Says Workers End Strike
-
First report by Etisalat covering global footprint
-
Kuwaiti Oil Service Workers On Strike Over Pay – Union
-
Qatar’s Doha Bank May Sell Bonds To Raise Capital – CEO
-
Qatar to announce new energy infrastructure fund
-
Qatar Holding, Italy Fund Eying Versace – Paper
-
Saudi government websites targeted
-
NCoV – First report of patient-to-nurse spread
-
Saudi regulations target stock market speculators
-
Dubai’s Arqaam Capital Eyes South Africa, Saudi Expansion
-
U.S. Targets Two UAE Firms For Dealing With Blacklisted Iran Banks
-
Airbus officially picked by Kuwait Airways
-
GMR reveals top 50 Mena Corporate Brands
-
Kuwait Airways to sign $3 billion-plus Airbus deal
-
Abu Dhabi Tourism Company Loss Widens
-
Emirates Airline reaps expansion profits
-
Saudi Arabia has 13 cases of SARS-like Coronavirus – WHO
-
UAE Central Bank Shuts Two Money Exchange Firms For Violations
-
Emal plans further expansion
