The United Arab Emirates government closed its offering of dollar-denominated sovereign bonds worth $1.5 billion (equivalent to 5.5 billion dirhams) for a period of 10 years, according to a statement issued by the Ministry of Finance.
The statement said that the bonds mature in September 2033, with a yield of 4.917%, representing a margin of 60 basis points over the yield of US Treasury bonds.
The statement indicated that the order book attracted qualitative local, regional and international investors, with purchase orders worth $7.4 billion secured, with subscription equivalent to five times the issue size.
2023-09-23 17:34:51
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