Last year, banks in the Gulf Cooperation Council (GCC) were able to capitalize on investors’ global search for higher yields, and their issuance volumes were substantially higher than in 2011. In an article published Monday titled “Low Interest Rates Should Keep Gulf Banks’ Debt Issuance Levels Strong In 2013,” Standard & Poor’s Ratings Services gives reasons why it expects Gulf banks’ issuance levels to remain high this year.
“We noted a sharp rebound in Gulf banks’ activity in debt capital markets in 2012 as they took the opportunity to issue long-term debt at healthy prices under the favorable market conditions,” said Standard & Poor’s credit analyst Timucin Engin………………………………………..Full Article: Source