The incentive for KSA to go early to global bond markets | Arab News:
Saudi Arabia, and indeed the rest of the Gulf countries, have signaled their intention to tap the international capital markets at record levels in 2019. But there is a risk as the year goes on that those markets will be more demanding, and may charge the issuers more for their services.
The Kingdom was the first one into the global debt markets earlier this month, with a $7.5 billion bond offering that was instantly snapped up by international investors. It was a clear sign of two things: First, that all those international roadshows of last year — especially in the US, the world’s biggest bond market — had paid off; and secondly, that there is still a good appetite for the Kingdom’s financial offerings, which some analysts had suggested would be weakened by the international storm over the murder of journalist Jamal Khashoggi.
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