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Dubai to Avoid Glare of Public Markets and Raise Bonds Privately

  • Emirate said to be in talks about loans and private placements
  • Government may repay debt with public bonds within five years
An empty highway leads towards the Burj Khalifa skyscraper, center, and other office buildings on the city skyline during the coronavirus lockdown in Dubai.

An empty highway leads towards the Burj Khalifa skyscraper, center, and other office buildings on the city skyline during the coronavirus lockdown in Dubai.

Photographer: Christopher Pike/Bloomberg
Updated on

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Dubai is in talks to raise billions of dollars of debt privately instead of following Gulf neighbors by tapping public markets, as the emirate looks to bolster its finances and mitigate the economic fallout of the coronavirus pandemic.