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FINANCIAL NEWS
Abu Dhabi has no plans for new bond issues
15 Sep 2010
(MENAFN) An official at Abu Dhabi’s debt management office stated that following Abu Dhabi’s “non-deal” roadshows in some European countries, the emirate has no underway bond issues, Gulf News reported.
In spite of an anticipated deficit, Abu Dhabi has not outlined any bond issues in the current year’s budget, though the emirate relies on approximately all of the UAE’s oil wealth.
Abu Dhabi’s move follows that of Dubai, whose finance chief said last month the emirate would keep options open for a potential bond issue later this year but was not under pressure to do so.
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