Monday 11 June 2012

gulfnews : GCC bond sales set for record first half

Gulf bond sales are set for a record first half as lower borrowing costs enable companies in the region to refinance debt and raise money for expansion.
Governments and businesses in the six-nation Gulf Cooperation Council have sold $18.2 billion (Dh66.8 billion) in bonds this year, 76 per cent more than in the same period in 2011, data compiled by Bloomberg show. That’s the most for the first half since Bloomberg started tracking the data in 1999.
GCC sales expanded almost four times faster than those in emerging markets, which are up 20 per cent in 2012, the data show.

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