The Emirate of Dubai intends to issue Sukuk in US dollars to support its public finances.
According to Arabiya Net, informed sources reported that the emirate has sent letters to international banks requesting offers for this issue, but the final decision has not been taken yet.
Abu Dhabi issued bonds worth $ 5 billion last week in 3 tranches, while Bahrain is also planning to return to the debt markets.
Abu Dhabi sold bonds in 3 tranches worth $ 5 billion, for three years, 10 and a half years and 50 years.
In detail, Abu Dhabi sold a 3-year bond worth $ 2 billion with a yield of 65 basis points above the US Treasury.
It sold a 10 and a half year bond worth $ 1.5 billion with a yield of 105 basis points above the US Treasury notes.
while it sold a $ 1.5 billion 50-year bond with a yield of 2.7%.
(Amazon fun knowledge)
