MIDEAST DEBT-Gulf debt market shows signs of recovery as issuers line up - Reuters:
Several Gulf issuers, including Abu Dhabi state fund Mubadala and the Saudi-headquartered Arab Petroleum Investments Corp (APICORP), will likely issue bonds as soon as next week, sources said, signalling a revival in the region’s primary debt market.
Public international bond issuances screeched to a halt in late February, with activity only tentatively restarting early last month.
Investment-grade sovereigns Qatar, Abu Dhabi and Saudi Arabia have subsequently raised a combined $24 billion in bonds, though corporates and banks have remained cautious so far.
Two sources said Mubadala and APICORP could issue bonds as soon as next week.
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