New facility not needed in the near future
The government of Dubai has ruled out plans to issue a new bond in the near future, Reuters has reported. With a $1.25bn issue that has met strong Asian investor demand, the emirate does not need to tap the debt market again any time soon, Dubai’s finance chief told Dubai TV. “The resources currently available and the operating revenues meet the requirements at the present time for the operating expenses and capital expenditures,” Abdulrahman al-Saleh, director general of Dubai’s department of finance, told the TV station. The issue was 35 per cent subscribed by Asian investors, 30 per cent by European investors and 30 per cent by Middle Eastern investors, he noted.
You might also like...
TotalEnergies awards Marsa LNG contracts
23 April 2024
Neom tenders Oxagon health centre contract
23 April 2024
Neom hydro project moves to prequalification
23 April 2024
Contractors complete 25% of Neom spine tunnels
23 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.