GCC debt deluge: big-ticket issues, even by international standards | The National:
"The GCC is raining debt issuances. From almost nothing a few years ago, all we hear and read these days is the jumbo-sized bond issuances from Saudi Arabia, Qatar, Kuwait, Bahrain, Abu Dhabi etc. The Saudis just closed a successful US$17.5 billion issue that was oversubscribed by more than four times, while Qatar raised $9bn in May, followed by a $5bn sale by Abu Dhabi. Even by international standards, these are big-ticket issues.
Why such a sudden rush to issue bonds overseas?
The straight answer should be the growing fiscal deficit or budgetary gap between income and expenses."
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