UAE to issue US dollar-denominated dual-tranche sovereign bonds – The National
- Date: 23-Jun-2022
- Source: The National
- Sector:Financial Markets
- Country:UAE
UAE to issue US dollar-denominated dual-tranche sovereign bonds – The National
The UAE will issue dual-tranche US-dollar denominated sovereign bonds as part of plans to continue tapping the debt market.
The bond package includes a 10-year tranche and a 30-year Formosa tranche, the UAE’s Ministry of Finance said in a statement on Thursday.
Formosa bonds refer to debt issued in Taiwan by foreign borrowers in currencies other than the Taiwanese dollar.
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