Oct. 27 (Bloomberg) — Nationwide Building Society’s sale of bonds backed by U.K. home loans may help reopen Europe’s $3.3 trillion market for asset-backed debt, which all but shut after the credit crisis caused investors to shun hard-to-value assets.
FNC draft law states debt not to exceed 45% of GDP
The Federal National Council yesterday approved a federal draft law on public debt, which allows for the establishment of a market for the exchange of bonds for the first time since the establishment of the UAE. …
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