Friday 19 April 2024
 
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sovereign bonds

UAE issues new law on public debt, sovereign bonds

UAE President HH Sheikh Khalifa bin Zayed Al Nahyan has issued Federal Decretal Law No. (9) of 2018 on public debt, to enable the federal government to issue sovereign bonds, and help the banking sector meet international liquidity rules as so

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ADX lists $100m sovereign bonds issued by Maldives

The Abu Dhabi Securities Exchange (ADX), the region’s leading financial market, listed today a sovereign bond through a private placement for the Abu Dhabi Fund for Development (ADFD) issued by the Government of Maldives. Th

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GCC sukuk issuance hits $22bn during Jan-May

Current market conditions have created a favourable landscape for new bond issuances, with the GCC sukuk market issuing $22 billion in sovereign and corporate bonds year-to-date, said a report. In 2016, a total of $21billion bonds

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GCC sukuk issuance hits $22bn during Jan-May

Current market conditions have created a favourable landscape for new bond issuances, with the GCC sukuk market issuing $22 billion in sovereign and corporate bonds year-to-date, said a report. In 2016, a total of $21billion bonds

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Abu Dhabi to rein in state firms' bond binge

Abu Dhabi plans to curtail bond sales by state companies and review the investments they hold to ease through the sale of sovereign bonds and ensure the firms' actions benefit the economy. The plan to centralise fundraising and crack down

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UAE to pass public debt law this year

The UAE will issue a law on public debt and establish a debt management office this year, before considering any issues of sovereign bonds, the minister of state for finance said on Monday. 'The first thing is that the law of public de

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