Wednesday, 27 August 2014

International bond issues from Gulf to draw big demand despite geopolitics | GulfNews.com

International bond issues from Gulf to draw big demand despite geopolitics | GulfNews.com:



"A revival of international bond issues from the Gulf is set to draw heavy demand from local and foreign investors, despite the latest geopolitical upheavals in the Middle East and the approach of higher US interest rates.



Gulf bond issuance has dried up since early July, because of a traditional summer lull in local investor activity as well as global market instability due to the crisis in Ukraine.



During that period, tensions in some parts of the Middle East have worsened dramatically. In June, Islamic State militants in Iraq stepped up a campaign that threatens to dismember the country; fighting in Libya has intensified, and Yemen’s government has moved closer to collapse. Israel has launched a war against Palestinian militants in Gaza."



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