Once relatively scarce in oil-rich Gulf countries, bonds with high rates of interest are becoming an increasingly common feature of the region's investment landscape as foreign investors chase better returns in emerging markets.
Numerous issuances of high-yield debt, or bonds that come with high annual interest rates and below-investment-grade credit ratings, have taken place in the GCC this year.
They include a US$450 million (Dh1.65 billion) Islamic bond sold in February by Dar Al Arkan, a major Saudi developer, that came with a 10.75 per cent profit rate and a $500m bond from the investment firm Kuwait Projects Company at 9.4 per cent interest.
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