Google+ Followers

Wednesday, 15 June 2011

gulfnews : Mena bonds to cross $40b

Bond issues in the Middle East and North Africa region this year are expected to match or exceed last year's level of $40 billion (Dh146 billion), said a senior Deutsche Bank executive Tuesday.

"Year-to-date we have seen bond issues worth $10 billion from the Mena region. There has been a temporary halt in the issuance from the region during the past few months due to the political uncertainties linked to the Arab Spring. We expect to see many of these issuers coming to the markets before the end of the year," said Salman Al Khalifa, managing director, head of global markets at Deutsche Bank.

The $10 billion in bond issues that have hit the market so far this year does not include those recently announced by Dolphin Energy and the Dubai government.