The UAE’s Ministry of Finance is set to issue a dollar-denominated multi-tranche bond offering for subscription, including medium and long-term tranches.
The new bond package includes a 10-year tranche, a 20-year tranche, and a 40-year dual-listed Formosa tranche.
The Ministry expects a high demand on the subscription of the UAE’s sovereign bonds from global and regional investors.
“The UAE has adopted a solid and comprehensive approach to economic and social development, which included building a strong credit profile, a solid balance sheet for the Union, and a low level of government debt, which enhanced general economic stability,” the Emirati Minister of Finance Maktoum bin Mohammed bin Rashid Al-Maktoum said.
