Dubai Opts for Private Debt Over Eurobonds to Bolster Finances
- Date: 27-Apr-2020
- Source: Bloomberg
- Sector:Financial Markets
- Country:UAE
Dubai Opts for Private Debt Over Eurobonds to Bolster Finances
Emirate said to be in talks about loans and private placements. Government may repay debt with public bonds within five years. Dubai would probably repay the debt with a public bond in the next five years, they said.. Private placements and bilateral loans tend to be smaller than Eurobonds.. While the borrowers attracted huge demand -- Saudi Arabia got more than $50 billion of orders for a $7 billion deal -- they are among the strongest credits in the Middle East and each rated at least single-A..