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Dubai Issues 5-Year Bonds Worth $410Mn

The Dubai government issued its much awaited Dh1.5bn ($410mn) in five-year bonds on 13 January to be listed on the Dubai Securities Market. It is the first time that the Dubai Government has issued bonds. Participating banks are Emirates Bank, HSBC, Abu Dhabi National Bank, Dubai National Bank, and Standard Chartered. The bond will be used to help fund the September 2003 joint meeting of the World Bank and International...