(Bloomberg) -- Dubai's government raised $1.5 billion this week by reopening existing debt instruments, data compiled by Bloomberg show.
Emirates NBD Capital, a unit of Dubai's biggest bank, was the sole manager of the transactions on Nov. 23 and 24, according to the data.
The transactions:
- $150 million and $100 million from reopening a September facility of $1 billion {DUGB 3.9 09/09/50 Govt DES
} - $300 million and $200 million from reopening a January 2013 facility of $500 million {DUGB 5 ¼ 01/30/43 Govt DES
} - $300 million and $200 million from reopening a September Islamic facility of $1 billion {DUGB 2.763 09/09/30 Govt DES
} - $150 million and $100 million from reopening an April 2014 facility of $750 million {DUGB 5 04/30/29 Govt DES
}
The yield on Dubai's bond due 2050 was at 4.17% on Tuesday, compared
with a high of 4.39% in September.
| Dubai Raises $2 Billion After Six-Year Bond Market Hiatus (3) |
| BOOKSTATS: Dubai Gets $10b Orders for $2b Dual-Tranche Bond |
| Dubai Electricity Is Debt-Free After $1.5 Billion Bond Repayment |
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