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No UAE Federal sovereign bond seen in 2012/2013 -FinMin

No UAE Federal sovereign bond seen in 2012/2013 -FinMin

The United Arab Emirates is not planning to issue a sovereign bond over the next two years, Finance Minister Sheikh Hamdan bin Rashid al-Maktoum said on Tuesday.

March 13, 2012 2:09 by



Other senior finance ministry officials had previously been quoted as saying the UAE’s debut sovereign bond could come at the end of 2012 and be about $1 billion.

Asked whether the Gulf Arab state had any plans to issue a bond this year or in 2013, Sheikh Hamdan said: “No, we don’t have.”

He was speaking on the sidelines of an energy exhibition in Dubai. (Reporting by Martina Fuchs and Martin Dokoupil; Writing by Amran Abocar)



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