Friday, 29 June 2012

Bonanza of bond sales in region - The National

The strongest six months for sukuk issuance on record has put the Arabian Gulf's bond markets on track for their best year yet.

The news comes as the region takes advantage of low interest rates to load up on cheap debt.

Companies and governments have sold a total of US$20.4 billion (Dh74.93bn) of bonds so far this year, including $12.4bn of sukuk, according to Bloomberg data. Both totals are the highest on record.

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