More Asian investors buying Middle East bonds - StanChart | Reuters:
"The proportion of Middle East bond issues going to Asian investors has roughly doubled to 30 percent in the past six to nine months, say Standard Chartered executives, evidence of growing investment links between the two regions.
"We are seeing on everything from public bond issues to bank placements, up to 30 percent of the issuance is going into Asia, the majority of which would be Chinese. Normally, it would be 15 to 20 percent," said Stephen Priestley, regional head, corporate and institutional banking for Africa, Middle East and Pakistan, at Standard Chartered, adding that the rise had been over the past six to nine months.
"It's driven by increased awareness of Chinese investors around the Middle East and given that there's a surplus of capital seeking to get a return, coming into the Middle East is something they [Chinese investors] are increasingly comfortable doing.""
'via Blog this'
No comments:
Post a Comment