From Gulfnews.com: Primary bond issues from the Middle East and North Africa (Mena) region is expected to exceed $30 billion (Dh110.1 billion) reported this year as governments and public sector entities need to finance infrastructure projects and refinance their maturing short-term debts, a senior banker at HSBC Holdings PLC (HBC) said yesterday.
“Primary bond issues from the Middle East and North Africa [Mena] region next year is expected to exceed the $30 billion level recorded last year. We expect the bond issue volumes from the region to surge due to higher demand for longer term funding for infrastructure and refinancing of short-term debt,” said Andrew Dell, HSBC’s head of debt capital markets for Mena told reporters……………………………………….Full Article: Source