Tuesday 24 May 2011

Stanchart sees upto 20 Gulf bonds in next 6 mths - CEO, UAE Industries - Maktoob News

The Gulf Arab region could see up to 20 bond issues over the next six months, Standard Chartered's top executive for the region said on Monday, buoyed by global demand for emerging market debt.

After a slow start to the year, primary issuance from the Gulf region is showing signs of a pick up, with Sharjah Islamic Bank (SIB) and Islamic Development Bank (IDB) both printing Islamic paper last week.

Emirates, the Arab world's largest carrier, kicked off investor meetings on Monday which could be followed by a potential dollar-bond.

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