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GCC bond sales pass 2011 total

Posted on 14 September 2012

Gulf Cooperation Council bond sales are on track for a record year as the oil exporters exploit record-low borrowing costs to build infrastructure including airports and gas pipelines. Government and corporate debt issuances in the six-nation group that includes Saudi Arabia and the UAE have crossed $28 billion (Dh102.82 billion) this year, beating the $27 billion of bonds sold in all of 2011, according to data compiled by Bloomberg.
That’s more than sales for the same period in 2009, which holds the annual record of $40 billion, the data show. GCC sales have expanded three times faster this year than the emerging-markets total, which is up 35 per cent to $764 billion…………………………………….Full Article: Source

 
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