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Dubai Meets Investors in London for Bond Sale as Yield Sinks

13/06/2011 05:23:08 AM GMT   Comments ()     Add a comment   Print     E-mail to friend

June 13 (Bloomberg) - Dubai’s government will meet fixed- income investors in London today and tomorrow ahead of a planned bond sale as yields fell to the lowest in 20 months.

The Persian Gulf emirate set up a $5 billion bond program and will use proceeds from the sale for construction spending and the budget, according to the prospectus. Yields on Dubai’s $1.25 billion of sukuk bonds due in 2014 fell to the lowest level since their sale in October 2009 to 4.573 percent on June 1 from as high as 6.69 percent on Jan. 31, according to data compiled by Bloomberg. The yield was at 4.76 percent today. Wire External Story - Read full article here is not responsible for the content of external internet sites

Source: AJP

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