UPDATE 1-Dubai returns to public debt markets for the first time in six years – Reuters

UPDATE 1-Dubai returns to public debt markets for the first time in six years – Reuters

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By Davide Barbuscia and Yousef Saba

DUBAI, Sept. 2 (Reuters) – The Dubai government on Wednesday began marketing a double-tranche bond, its first sale in government debt markets in six years, as the Middle East shopping and tourism hub seeks to boost finances affected by the coronavirus crisis.

Dubai offered investors around 250 basis points on mid-term swaps for 10-year sukuk,…

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