Gulf bond sales are set for a record first half as lower borrowing costs enable companies in the region to refinance debt and raise money for expansion. Governments and businesses in the six-nation Gulf Cooperation Council have sold $18.2 billion (Dh66.8 billion) in bonds this year, 76 per cent more than in the same period in 2011, data compiled by Bloomberg show.
Royal Bank of Scotland has five to ten mandates for GCC bond and sukuk sales, Jacco Keijzer, head of debt capital markets, said on April 30………………………………………..Full Article: Source