UAE Federal Bank to sell bond after passage of debt law

Emirates Development Bank, a stateowned institution, plans a $750 mn bond sale in February

Zainab Fattah & Yousef Gamal El-Din DUBAI

Afederal lender in the United Arab Emirates (UAE) will be the first to utilize the country’s newly effective debt law by selling its first bond later this month, according to a senior government official. Emirates Development Bank, a state-owned...

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