The government is about to issue around $1bn (£638m) in bonds with five to seven-year maturities. The deal is expected to be completed on Monday 27 September.
Dubai last dabbled in the bond market in October last year with the sale of nearly $2bn of five-year fixed and floating rate Islamic notes.
According to the Financial Times, HSBC, Deutsche Bank and Standard Chartered have been hired to manage the sale after securing agreement from almost all of the creditors for a restructuring proposal on $23.5bn (£15m) of debts to the government-owned Dubai World conglomerate.
The financial crisis in the emirate at the end of 2009 saw Dubai World, the investment company that looks after much of the Dubai government’s assets, proposed a delay on repaying £26bn of its debt. The knock-on effect was considerable falls in stock markets across the globe as well as a fall in the oil price by up to 7%.
