Dubai unveils 6.5 bln dollar borrowing plans.Byline: AFP (1) (AppleTalk Filing Protocol) The file sharing protocol used in an AppleTalk network. In order for non-Apple networks to access data in an AppleShare server, their protocols must translate into the AFP language. See file sharing protocol. DUBAI: The Dubai government has unveiled plans to raise 6.5 billion dollars through bonds, Emirates Business 24/7 reported on Monday, citing a prospectus for potential investors. The borrowing programme will be divided into four billion dollars in a euro medium-term note (EMTN) and a 2.5-billion-dollar Islamic bond issue, or sukuk, Emirates Business said. The Dubai Government said the new EMTN debt may be listed on the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. (LSE) and the Dubai Financial Market (DFM), the paper said. The lead arrangers for the EMTN are Mitsubishi UFJ Securities International Mitsubishi UFJ Securities International plc is an investment bank in United Kingdom. The company was established on October 1, 2005, when the firm's parent company, Mitsubishi UFJ Financial Group, was formed by the merger of Mitsubishi Tokyo Financial Group (MTFG) and UFJ , Standard Chartered Bank Standard Chartered Bank (LSE: STAN, HKSE: 2888 ) is a British bank headquartered in London with operations in more than fifty countries. It operates a network of over 1,600 branches (including subsidiaries, associates and joint ventures) and employs almost 60,000 and UBS Investment Bank. Officials who addressed investors in Dubai on Sunday said the lead managers of the sukuk issue are Dubai Islamic Bank The Dubai Islamic Bank is an Islamic bank in Dubai, established in 1975. Financial Information Figure 2004 2003 2002 Total Assets 30,613,361 22,778,319 19,587,790 Shareholder's Equity 2,687,419 1,548,180 1,473,986 NIAT 461,003 234,456 159,798 , Mitsubishi UFJ, Standard Chartered and UBS Investment Bank. "I am sure the issue will get oversubscribed Refers to connecting more users to a system than can be fully supported if all of them were using it at the same time. Networks and servers are almost always designed with some amount of oversubscription, counting on the fact that everybody does not need the service simultaneously. as there are eager investors who want to pick up a portion of the Dubai debt, especially because I am sure it will be issued at a comfortable price," a top foreign bank official told Emirates Business. He said the documents he received from the issuer said the direct debt of the Dubai government was just over 19 billion dollars. Dubai in February launched a 20-billion-dollar long-term bond programme to help the once booming Gulf emirate meet its financial obligations, mainly repayment of debt which will mature this year. Muscat Press and Publishing House SAOC 2009 Provided by Syndigate.info an Albawaba.com company |
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