A brightening global economic outlook and a shift in investor appetite towards emerging market debt helped to spur US$32.6 billion (Dh119.74bn) of bond sales in the Gulf this year.
That was down from the $42.9bn borrowed by companies and governments from investors last year, according to Bloomberg data. But it was still more than double the $15bn of bond sales in 2008 during the worst stretch of the financial crisis.
The top sellers of debt in the region this year were the Qatar Investment Authority, which sold $3.5bn of bonds in July, and the Dubai Electricity and Water Authority, which issued $3bn in April and October. Qatar Telecom and Abu Dhabi's International Petroleum Investment Company followed with $2.75bn and $2.5bn of bonds, respectively.
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