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FINANCIAL NEWS
Dubai mulls $1b bond issue
24 Sep 2010
(MENAFN) Dubai’s government plans to issue up to $1 billion in bonds with a tenor of up to seven years, two sources said, the emirate’s first such issue since its debt crisis erupted late last year.
The bond may come as early as next week, said one source familiar with the matter and one banker.
HSBC and Standard Chartered were among the mandated banks, the banking source said. A Dubai government spokeswoman declined to comment.
Dubai has held what it said were two non-deal roadshows, one in June for European fixed-income investors, and one in August in Asia.
Earlier in September, Dubai World reached a formal deal to restructure almost $25 billion of liabilities.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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