VOL. XLVI
No 23
9-June-2003
UAE
CAPITAL MARKETS
Dubais First Sovereign Bond Oversubscribed
Dubais first sovereign bond issue, which closed on 27 May, has seen a successful debut and came in one and a half times oversubscribed. The Dh1.5bn ($408mn) five-year bond, which was launched on 11 May, carries a margin of 47 bps over benchmark dollar swaps which was within the expected 40-50 bps range and works out at a fixed rate for the full term of 3.11%. Were pleased we got a good turn-out, said a source...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!