The debt market in Gulf oil producers rebounded by a staggering 64 per cent in the first nine months of 2009 and the UAE emerged as the leader in the issuance of conventional bonds, according to a Saudi investment fund.
New issuances during the first nine months of this year touched $36.9 billion (Dh135.4bn), including nearly $32.1bn in conventional bonds, said NCB Capital, an offshoot of the National Commercial Bank, the largest Saudi bank.
"The gloom surrounding the GCC debt markets during the last quarter of 2008 and the first quarter of this year has made way to increased activity this year," NCB Capital said in its weekly bulletin.
No comments:
Post a Comment