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Islamic Finance Briefing - Categorized | Bonds (Sukuk), People more

Refinancing will drive the Gulf’s bond market, but transparency, trading and policy issues remain

Posted on 20 April 2011

Michael Grifferty, president of Dubai-based Gulf Bond and Sukuk Association (GBSA) says: “Bond issuance in the region is expected to increase, particularly as companies seek to refinance their debt. Another factor he notes is that some Gulf countries continue pursuing ambitious development plans, despite the region’s unrest and the fragile recovery of the global economy. But the bond market still faces challenges, he adds, including inconsistent policies in the region toward developing local currency markets.”.……………………………………..Full Article: Source

 
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