Gulf Bond Sales Return, And This Time It’s None of Your Business - Bloomberg

Gulf Bond Sales Return, And This Time It’s None of Your Business - Bloomberg:

"Gulf borrowers are back in the bond market, and a new pattern is emerging.
As debt sales from issuers in the six-nation Gulf Cooperation Council surge by a third, Bahrain and Oman have opted to privately place sovereign issues. Bloomberg data show a jump in transactions done out of the public eye, and Abu Dhabi’s biggest bank says the number of such deals it has helped manage this year is 10 times the same period in 2015.
“We have seen a significant uptick in the volume of private placement issuance,” said Andy Cairns, the global head of debt origination and distribution at National Bank of Abu Dhabi PJSC. They are “a discrete means of accessing under-the-radar liquidity, albeit at higher cost, without contaminating their public curves,” he said."



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