(MENAFN) The Abu Dhabi Department of Finance and Central Bank of the UAE signed an agreement between the Abu Dhabi Government and Dubai Government for refinancing of a USD10 billion, Emirates 24\7 reported
The Central Bank has also signed an agreement for re-discounting of bonds issued by Dubai Government of USD10 billion value
The tenure for both deals was set at five years renewable, with a fixed interest rate of 1 per cent through the entire tenure
Dubai Government was granted these facilities in 2009 and are due this year
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