Qatar and Abu Dhabi are testing the waters for benchmark bond programmes aiming to open capital markets and secure financing for ambitious development programmes, bankers say.
These oil-rich emirates want to tap investor interest in their diversifying economies as they seek to ease funding costs by helping foster domestic bond markets.
Abu Dhabi, the capital of the United Arab Emirates, is already testing the market for a deal that bankers estimate could raise about $2bn-$3bn, but may be part of a larger medium-term programme.
No comments:
Post a Comment