Tuesday 2 January 2018

Gulf Corporate Bond Sales Seen Balancing Sovereign Dip This Year - Bloomberg

Gulf Corporate Bond Sales Seen Balancing Sovereign Dip This Year - Bloomberg:

"Remember that flood of bond sales analysts said companies would unleash after Gulf governments tapped the market? It’s probably happening in 2018, according to First Abu Dhabi Bank PJSC and Mitsubishi UFJ Financial Group Inc.


There are at least two risks driving companies and banks to the market. The first is a debt wall of about $60 billion of syndicated loans and bonds due in 2018, according to data compiled by Bloomberg. The other is the threat of rising interest rates in the Gulf, where central banks typically follow monetary policy decisions in the U.S."



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