UAE 5-year Bonds in March
The UAE central bank plans to issue bonds with maturities of up to five years in March to manage liquidity and create a benchmark for longer-term loans, the central bank governor said.
The UAE central bank now only issues certificates of deposit with maturities up to 18 months.
"The purpose is to soak up liquidity and establish a trend and a benchmark for those who want to grant longer term loans," Sultan bin Nasser al-Suweidi told Reuters in an interview. He gave no details of the size of the issue. (Reuters)
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The UAE central bank now only issues certificates of deposit with maturities up to 18 months.
"The purpose is to soak up liquidity and establish a trend and a benchmark for those who want to grant longer term loans," Sultan bin Nasser al-Suweidi told Reuters in an interview. He gave no details of the size of the issue. (Reuters)
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posted by bizzwhizz at 2:03 PM
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