Dubai’s US-dollar denominated debt listings are now valued at $98.5bn
The 10-year note, under the Euro Medium Term Note Programme, reached maturity on June 22, 2021
This was the second USD transaction issued under EDB’s $3bn Euro Medium Term Note programme
The money would go toward supporting companies in sectors considered a priority for the economy
The exchange’s market capitalisation increased 27 per cent during the first quarter of 2021 to Dhs940bn
The issuance was more than 4.5 times oversubscribed
The price of Brent crude is still below what most of the region’s economies need to balance their budgets
No final decision on the timing has been made
The sultanate raised $500m in a tap of its bonds due in 2027 and 2032
The 10-year Euro Medium Term Note Programme reached maturity on October 5
The emirate raised Dhs1bn through a private placement of eight-year Islamic bonds at a rate of 4.71 per cent earlier this month
Should it issue, NBO would become the second Omani bank to issue a bond, after Bank Muscat printed a $500 million five-year deal in March 2013.
Finance Minister Sheikh Hamdan says the country will fill any gap “from its own resources.”
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