(MENAFN– Khaleej Times)
The Ministry of Finance has successfully closed its offering of a US dollar-denominated 10-year US$1.50 billion bond, maturing in July 2034.
Issued with a yield of 4.857 per cent, the bond represents a spread of 60 basis points over US Treasuries. The bond will be listed on the London stock exchange (LSE) and nasdaq Dubai.
The bond issue attracted high-quality investors, with the order book US$ 6.50 billion, firmly oversubscribing by more than four times by the final guidance.
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Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, said, “The successful completion of another sovereign bond by the UAE is a…
