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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



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)



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