Ras Al Khaimah has no plans to issue dollar bond in 2017

February 12, 2017 11:33 am

U.S. dollar notes are seen in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic

The United Arab Emirates’ Ras Al Khaimah does not plan to issue a U.S. dollar-denominated bond in 2017 and has not had talks with banks regarding that, the emirate said in a statement on Saturday.

Reuters published an article on Feb. 9 which said the emirate, one of the seven which make up the UAE, had been in talks with lenders over a potential international bond sale, citing banking sources.

At the time, telephone calls and an email to Ras Al Khaimah’s finance department seeking comment were unanswered.

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