UAE closes dollar bond issuance – MEED
- Date: 24-Jun-2022
- Source: MEED
- Sector:Financial Markets
- Country:UAE
UAE closes dollar bond issuance – MEED
The UAE’s Ministry of Finance has closed a US dollar-denominated bond issuance.
The dual-tranche sovereign bond package comprises medium and long-term tranches: a 10-year tranche and a 30-year Formosa tranche – with a total value of $3bn.
It received orders of more than $15bn and the size doubled from its initial target of $1.5bn.
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