(Bloomberg) — Dubai’s government raised $1.5 billion this week by reopening existing debt instruments, data compiled by Bloomberg show.



a sunset over a body of water: The sun sets beyond residential and commercial skyscrapers, seen from Dubai Creek Harbour Development in Dubai, United Arab Emirates, on Sunday, Sept. 6, 2020. Dubai made a rare foray into public bond markets, revealing along the way that its debt burden is now a lot smaller than estimated by analysts only months ago.


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The sun sets beyond residential and commercial skyscrapers, seen from Dubai Creek Harbour Development in Dubai, United Arab Emirates, on Sunday, Sept. 6, 2020. Dubai made a rare foray into public bond markets, revealing along the way that its debt burden is now a lot smaller than estimated by analysts only months ago.

Emirates NBD Capital, a unit of Dubai’s biggest bank, was the sole manager of the transactions on Nov. 23 and 24, according to the data.

The transactions:

$150 million and $100 million from reopening a September facility of $1 billion {DUGB 3.9 09/09/50 Govt DES }$300 million and $200 million from reopening a January 2013 facility of $500 million {DUGB 5 ¼ 01/30/43 Govt DES }$300 million and $200 million from reopening a September Islamic facility of $1 billion {DUGB 2.763 09/09/30 Govt DES }$150 million and $100 million from reopening an April 2014 facility of $750 million Click here for details: {DUGB 5 04/30/29 Govt DES }

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