Morgan Stanley is betting on United Arab Emirates' corporates which are of strategic importance to the Gulf state among its top bond picks in the Middle East, an analyst at the US bank said.
The bank's fixed income analyst Lenka Polackova prefers utility Dubai Electricity and Water Authority's 2015 bond, energy investment firms Abu Dhabi Energy Co's (Taqa) 2012 maturity, and International Petroleum Investment Co's (Ipic) 2016 bonds, she said in an interview with Reuters.
Investment firm Kuwait Projects Co (Kipco) bond maturing 2020 and Bahrain's sovereign wealth fund Mumtalakat's 2015 issue also feature on the list of five names Morgan Stanley selected as its top corporate bonds for value.
No comments:
Post a Comment