GCC bonds weak on news of tankers hit in Gulf of Oman, Aramco bonds down: Eikon | ZAWYA MENA Edition

GCC bonds weak on news of tankers hit in Gulf of Oman, Aramco bonds down: Eikon | ZAWYA MENA Edition:

International bonds issued by Gulf Cooperation Council (GCC) governments were down on Thursday after two tankers were hit in suspected attacks in the Gulf of Oman, a month after a similar incident in which four tankers in the region were struck.

Saudi Arabia's bonds due in 2049 were down over 0.6 cents in early trade while $3 billion in bonds issued by state oil giant Saudi Aramco, also due in 2049, were down 1 cent on the dollar, according to Eikon Refinitiv data.

Traders said other GCC sovereign bonds were also weak on the news, and regional credit default swaps - which indicate the cost of insuring against a default - were on the rise.