The UAE will dominate sovereign bond offerings among the six-member Gulf Cooperation Council this year as government sales in the region total $5bn, Standard Chartered said.
Oil-rich Abu Dhabi, capital of the UAE, may sell $1.5bn in debt in 2011 to create a long-dated benchmark, while Dubai also may issue $1.5bn to fund its budget, Standard Chartered said in an e-mailed report dated Monday.
Outside of the UAE, Qatar and Bahrain may sell $1bn of securities each, the bank said.
No comments:
Post a Comment