Middle Eastern debt issuance plunges 68% to $6.3 billion in Q3 | Economy | Saudi Gazette

Middle Eastern debt issuance plunges 68% to $6.3 billion in Q3 | Economy | Saudi Gazette:



"The value of Middle Eastern  mergers and acquisitions (M&A) activity  reached $11.8 billion during the third quarter of 2014, an 18 percent decline from the value registered during the previous quarter, Thomson Reuters/Freeman Consulting said, 60 percent less than the value recorded during the previous quarter.



Nadim Najjar, Managing Director, Middle East & North Africa, Thomson Reuters, said: “Middle Eastern equity and equity-related issuance during the first nine months of 2014 totaled $5.1 billion, a 43 percent increase in activity from the same period in 2013 ($3.6 billion).”



He added: “Middle Eastern debt issuance reached $6.3 billion during the third quarter of 2014, down 68 percent from the record-breaking second quarter total of $19.7 billion.  Boosted by the strong second quarter, bonds issued so far during 2014 increased 5 percent from the same period last year, to $32.8 billion.”"



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