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Thursday, 13 April 2017

USD 3-4 bn in new bond issuances in FY2017-18

The government is planning to issue USD 3-4 bn in bonds during the FY2017-18 fiscal year, said Deputy Finance Minister Mohamed Maait, according to Al Borsa. USD 1 bn of these will be sukuk issuances, added Maait. The Ismail cabinet’s economic group had approved amendments to the Capital Markets Law on Tuesday which would govern the issuance of sukuks.

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