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

Gulf bond market forges global links

Posted on 04 September 2012

When Abu Dhabi’s biggest bank issued a $750 million (Dh2.8 billion) bond in August, strong investor demand underlined how well most Gulf banks are riding out the global financial crisis. The issue also sent another signal: that the region’s debt market is growing strongly and, increasingly, integrating with overseas markets.
Gulf Arab companies and governments have issued over $25 billion of conventional and Islamic bonds so far this year in both foreign and local currencies, according to Thomson Reuters data. That already matches last year’s total of $26 billion, and puts the Gulf comfortably on course this year to exceed the 2010 amount of $30 billion…………………………………………Full Article: Source

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