| Kippreport.com

Dubai launches two-tranche $1.25 bln govt bond – lead

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)

Tags: $1.25 billion government bonds, dubai debt crisis, Dubai launches $1.25 billion government bonds