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Tuesday, 25 October 2016

Saudi Bond Sale Spurs Gulf Borrowing to Record With More to Come - Bloomberg

Saudi Bond Sale Spurs Gulf Borrowing to Record With More to Come - Bloomberg:

"Gulf borrowers have raised a record amount in the public debt markets in 2016, and they’re not finished yet.
Saudi Arabia’s $17.5 billion international bond sale, the largest ever from an emerging market, boosted the amount raised through loans and bonds in the six-nation Gulf Cooperation Council to $151 billion, according to data compiled by Bloomberg, eclipsing the full-year record of $142 billion set in 2007. That’s before Equate Petrochemical Co.’s planned sale of five- and 10-year bonds this week, an offering that may raise as much as $3 billion, according to two people familiar with the deal."



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