Google+ Followers

Monday, 23 January 2017

Abu Dhabi Said to Meet Fixed-Income Investors in Asia This Week - Bloomberg

Abu Dhabi Said to Meet Fixed-Income Investors in Asia This Week - Bloomberg:

"Abu Dhabi, holder of about 6 percent of the world’s oil reserves, will hold fixed-income investor meetings in Asia this week, a person familiar with the matter said. The emirate, capital of the United Arab Emirates, will meet investors in Hong Kong, Taipei and Singapore from Monday, said the person said, asking not to be identified because he wasn’t authorized to speak publicly. The meetings are arranged by HSBC Holdings Plc and it isn’t clear if the emirate plans to sell bonds after the roadshow, said the person. Gulf Arab monarchies are selling bonds to shore up public finances after the slump in oil prices put a strain on government budgets. Kuwait picked six banks to advise on its first international debt sale, people familiar with the matter said this week. Saudi Arabia, Qatar and Abu Dhabi raised more than $30 billion from global bond markets last year to finance their budget deficits. "



'via Blog this'