The United Arab Emirates government is expected to begin marketing its first bond as a federation as soon as this week, a transaction denominated in U.S. dollars, four sources familiar with the matter said on Sunday.
The UAE government media office and finance ministry did not immediately respond to emailed requests for comment from Reuters.
Two sources said they expected it to be a multi-billion dollar deal, a transaction of benchmark size.The government issued a law in 2018 permitting the federal government to begin issuing sovereign debt.
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