The six-nation Gulf Cooperation Council, which includes Saudi Arabia and the United Arab Emirates, needs to refinance $60 billion of debt between now and the end of the year, Royal Bank of Scotland Group Plc said.
“We don’t foresee any issues for refinancing” as these loans have “either been dealt with” or are being restructured or amortized, Jacco Keijzer, head of debt capital markets for the Middle East and Africa at RBS, said………………………………………..Full Article: Source