Investors from outside the Gulf have muscled in on two big bond issues from the region, taking very high portions of the debt on offer — a sign of international confidence in the region, but a source of frustration for some locals who wanted to buy more.
Just 43 per cent of Bahrain’s 10-year, $1.5 billion (Dh5.5 billion) sovereign bond, issued last Wednesday, was placed in the Middle East. Thirty-two per cent went to investors in Europe, including Britain, 14 per cent to the United States, and 11 per cent to Asia, according to official data………………………………………..Full Article: Source