Qatar’s recently issued 2017 dollar bond and the Abu Dhabi bond maturing in 2019 both yield less than 3.5 per cent – near the rate on 10-year French bonds. Credit default swaps on Dubai have been volatile this year but remain fairly anchored. Dubai CDS finished last week at 450 basis points – lower than the CDS on Italy, which have been trading at more than 500 bps.
Wednesday, 14 December 2011
Gulf maintains a healthy credit outlook - FT.com
The Gulf Co-operation Council credit market has held up well in recent months despite shaky global conditions.
Qatar’s recently issued 2017 dollar bond and the Abu Dhabi bond maturing in 2019 both yield less than 3.5 per cent – near the rate on 10-year French bonds. Credit default swaps on Dubai have been volatile this year but remain fairly anchored. Dubai CDS finished last week at 450 basis points – lower than the CDS on Italy, which have been trading at more than 500 bps.
Qatar’s recently issued 2017 dollar bond and the Abu Dhabi bond maturing in 2019 both yield less than 3.5 per cent – near the rate on 10-year French bonds. Credit default swaps on Dubai have been volatile this year but remain fairly anchored. Dubai CDS finished last week at 450 basis points – lower than the CDS on Italy, which have been trading at more than 500 bps.
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