Debt issuance in the Middle East nearly doubled to $11 billion and M&A reached $4.9 billion, while equity capital market issuances and banking fees fell to almost $1 billion and $91 million respectively, said a report.
Investment grade corporate debt accounted for 81 per cent of all Middle Eastern DCM activity during the quarter, while high yield accounted for 10 per cent, a Thomson Reuters report showed………………………………………..Full Article: Source