Bond aims to tap into strong investor appetite
Dubai aims to cash in on strong demand for high-yielding emerging market debt with its first foray since the Dubai World restructuring was announced.
Analysts said the emirate's dollar bond issue, weeks after its flagship conglomerate clinched a debt restructuring deal, was timed to take advantage of more favourable market conditions than at any time since the Dubai crisis broke.
Investor hunger for decent yields, particularly in emerging markets, may help make Dubai's return a success. The overall interest in this bond and potential oversubscription may boost market sentiment.
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