The government of Ras-el-Hayma announced the issuance of obligations of priority non-guaranteed debt for a total of one billion US dollars. Significant support for the program was provided by the company 'Rak Capital', specializing in government investments, and is part of the government. This was the first address of the government of Ras-el-Hayma to global long-term markets in the last decade. Under the conditions of the program, the issuance of trust certificates of Ras-el-Hayma for two billion dollars, signed on February 28, 2025, will be completed on March 5, 2025. In the course of this issuance of obligations with a ten-year term and a coupon rate of 5.038%, the government showed the strength of its economy and attractiveness as an investment object. 'We are proud of our success in issuing priority non-guaranteed obligations, which reflects confidence in the economy of Ras-el-Hayma,' the government stated.
