Dubai government is studying various financing options with banks, in order to support its financial resources in the face of the consequences of the spread of the Corona virus.
According to Arabia Net, sources told Bloomberg that these options may include the issuance of the first Eurobonds since 2016, in addition to loans.
But the talks are still at an early stage and no decision has been made yet.
For its part, Emirates Airlines is negotiating billions of dollars in loans with local and international banks, according to informed sources Bloomberg - in addition to the government aid it received last month.
The yield on Dubai bonds worth $ 500 million, due in 2043, rose by one basis point to 5.87% yesterday, to continue to rise since early March by about 170 basis points.
According to Bloomberg Barclays indices, traditional Dubai bonds in dollars lost 20% of their value last month, compared to an average in emerging markets of 14%. Dubai Bonds declined by 4.5%.
