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Dubai set to issue bond to refinance maturing debt

Dubai plans to issue a bond to refinance part of Dh6.5 billion ($1.8 billion) of sovereign debt maturing in April 2013, its finance chief was quoted as saying by a newspaper on Monday.
Abdulrahman Al Saleh, director-general of the Dubai Department of Finance, did not discuss the size or timing of any new bond or give other details, and government officials were not available to confirm his comments. more