Saturday 23 August 2014
 
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Dubai bonds rally on investor confidence

Dubai's sovereign bonds rallied this week, benefiting from good liquidity in the market as well as a rise of investor confidence in the high-flying emirate's ability to repay debts and sustain growth. Traders cited a general improv

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Dubai's $1.25bn Islamic bond to price today

Dubai is planning to raise $1.25 billion from a two-tranche Islamic bond sale on Wednesday, with final price guidance for both tranches tighter than indicated initially. The price range for the five-year portion was set at between 4.90 and

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Taqa sells $1.5 billion in bonds

State-run Abu Dhabi National Energy Co (Taqa) has sold $1.5 billion in bonds maturing in five and 10 years to refinance upcoming debt. The company issued $750 million in five-year bonds paying a premium of 330 basis points over comparable

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Nakheel ends restructuring, to issue $1bn sukuk

Dubai's Nakheel will issue the first tranche of a Dh4.8 billion ($1.31 billion) Islamic bond to trade creditors on Thursday, its chairman said, as the property firm completes a complex debt restructuring underway since 2009. Ali Rashid

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Dubai in $23.5bn debt deal with core banks

Dubai World, the state-owned conglomerate, has reached a deal in principal to restructure $23.5 billion with its core lenders, clearing one hurdle for Dubai but leaving investors with other debt concerns. The deal, which requires no new su

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Dubai may offer new debt at zero, low interest

Dubai World may offer creditors new debt tranches at zero or reduced interest in a plan to restructure $26 billion in debt, a UAE newspaper said on its website, citing bankers close to the situation. 'What they (Dubai World) came back

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Dubai raises further $5bn in bond programme

The government of Dubai raised a further $5 billion as part of a $20 billion bond programme launched this year, half of what was expected in the long-awaited issue. The $5 billion tranche was subscribed to by National Bank of Abu Dhabi and

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Dubai places Islamic bonds worth $1.9bn

Dubai's government placed $1.93 billion in new five-year Islamic bond issues, with pricing at 375 basis points over benchmarks, two bankers said on Wednesday. The size of the dollar tranche of the Islamic bond, was $1.25 billion, while the

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Mubadala launches $1.75bn two-tranche bond-lead

Mubadala Development, an Abu Dhabi government investment fund, has launched a $1.75 billion two-tranche bond, an official at one of the lead managers said. The $1.25 billion five-year tranche will give a yield of 395 basis points (bps) ove

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