Bond issuance out of the Middle East could rise to $40 billion in 2012, more than 50% above last year's levels, fuelled by the refinancing needs of local companies and the funding requirements of large new infrastructure projects, according to an executive of Standard Chartered PLC.
At the same time, Middle East bonds are in strong demand among investors both inside and outside the region, Henrik Raber, Standard Chartered's Dubai-based Global Head of Debt Capital Markets, said in an interview on Thursday.
"You're looking at a total of $30 to $40 billion of issuance, it's going to be a pretty robust year," Raber said. In 2011, total issuance from the Middle East amounted to only $26 billion, according to figures from Standard Chartered.
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