Middle East News 247

Dubai issues US$2bn in sukuk and bonds at lowest ever interest rate

The Government of Dubai has completed the issuance of a 10-year Islamic Sukuk of US$1bn at a profit rate of 2.763 percent and 30-year government bonds of US$1bn at an interest of 3.90 percent, it announced on September 3.

“We are satisfied with the success of Dubai in this issuance. DOF was able to obtain the lowest interest rate for thirty-year bonds and the lowest profit for…

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