| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

Bond Market News

UAE to Market its First Federal Dollar Bond This Week

October 4, 2021

UAE is set to market its first dollar bond as a federation this week. Bonds have typically been issued by UAE’s emirate states like Abu Dhabi, Dubai and Sharjah but the government issued a law in 2018 permitting the federal government to begin issuing sovereign debt. While the planned issue size is not yet known, a source said, “They wouldn’t get out of bed for less than $1-$2 billion”. Sources said that banks advising the government include Citi, HSBC, First Abu Dhabi Bank, JPMorgan, StanChart and BofA. On Thursday, Moody’s assigned UAE a provisional Aa2 rating, in line with Abu Dhabi’s.

For the full story, click here

Related Posts:
Registered office: 8 Marina View, #43-062 Asia Square Tower 1, Singapore 018960
© Copyright BondbloX 2024, All Rights Reserved.