(AFX UK Focus) 2009-02-22 18:41 UPDATE 1-Dubai launches $20 bln bonds, UAE cenbank takes half (Interactive Investor)

January 8th, 2010 | by DebtFree.net |

DUBAI, Feb 22 (Reuters) – The government of Dubai launched a $20 billion sovereign bond programme on Sunday to ease tight liquidity conditions, saying the United Arab Emirates central bank has subscribed to half of the issue. The move comes amid mounting concerns about whether Dubai, a regional tourism and trade hub, will be able to refinance debt it accumulated to finance expansion projects …
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