UAE: First federal bond issued, as government sets out budget

Issue 1135 - 14 Oct 2021 | 1 minute read

The UAE federal government raised $4bn in its debut bond sale in early October. The issuance was heavily over-subscribed, with orders of more than $22.5bn. It was split into three parts, with a $1bn, ten-year tranche; a $1bn, 20-year portion; and a $2bn tranche with a 40-year tenor.

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