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

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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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