Huge interest in Dubai bond

Beirut: A sovereign bond issue planned by Dubai this year has drawn a lot of international investor interest, a member of a Dubai committee formed to tackle the fallout of the global financial crisis said on Saturday.
Dubai launched a $20 billion sovereign bond programme in February to help state-linked firms. The first $10 billion tranche was sold to the UAE Central Bank. It is looking to issue the rest this year.
Omar Bin Sulaiman, who is also deputy chairman of the UAE Central Bank, said international investors and sovereign wealth funds had shown interest.