Analysis: Gulf bond hopefuls wait in the wings after first-half plunge in volumes | Reuters
Middle East companies waiting for a favourable window to sell bonds face some tough choices in terms of when to tap the market, a situation that has already contributed to an 80% plunge in issuance volumes in the region in the first half.
Some issuers in the Gulf, which typically makes up some 40% of emerging market bond sales, have pounced on windows of relative market stability to get deals done.
But many have shelved or delayed plans while they wait for lulls in market volatility driven by the Ukraine war and for clearer signals on the global economy.
That includes Saudi Arabia's sovereign wealth fund PIF, which said last year it planned to debut in the market with green bonds. read more The Saudi government had also said it would issue green bonds while Qatar said it might tap the market opportunistically.
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