UAE’s Al Suwaidi: we could buy more Dubai debt


Sultan bin Nasser Al Suwaidi, the governor of the Central Bank of the United Arab Emirates, indicated on Wednesday that it could buy part of Dubai's forthcoming $10 billion bond tranche.

The governor said on local television: "Maybe [we will purchase some of the debt], if our board decides, we will buy part of them and, of course, start trading these bonds very soon."

The $10 billion tranche is part of a $20 billion programme, the first part of which was auctioned to the central bank in February

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