Monday, 31 January 2011

gulfnews : Region expects flurry of fundraising in 2011

The Gulf region is expected to witness a flurry of activity in fundraising this year by both government related entities and corporates and refinancing debt will not be a big problem for many of these entities, David Karsbol, chief economist at Saxo Bank, told Gulf News in an interview.

"Markets are now open for Gulf companies to raise funds. I don't see any big problem for most companies to raise funds through bond market and banking channels. Financial services and real estate sectors are likely to face some difficulties in the short to medium term," said Karsbol.

Gulf based companies have more than $60 billion (Dh220.34 billion) refinancing requirements in the next 12 to 18 months, according to a recent estimate by Royal Bank of Scotland. HSBC has projected fund raising by regional entities to hit more than $30 billion this year.

No comments:

Post a Comment