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Thursday, 20 July 2017

JPMorgan, Citigroup See Mideast Bond Deals Slipping From Record - Bloomberg

JPMorgan, Citigroup See Mideast Bond Deals Slipping From Record - Bloomberg:

"JPMorgan Chase & Co. and Citigroup Inc., the biggest debt arrangers in the Middle East and North Africa, expect regional sales to slow for the rest of the year after sovereigns raised a record $37 billion in the first half.

“We have seen a significant amount of issuance early in the year and it’s not surprising that we are starting to see things slow down,” Hani Deaibes, JPMorgan’s regional head of debt-capital markets, said in an interview. “While we expect activity to pick up a bit later in the year, we don’t see a substantial pipeline at the moment.”"



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