22.05.2012 - Saudi reluctance on IMF advice may curb debt sales
Saudi Arabia’s failure to develop a local-currency bond market in line with an International Monetary Fund recommendation may limit debt sales to the biggest companies in the world’s top oil exporter. A 15bn-riyal ($4bn) sukuk by the state-controlled General Aviation Authority lead local-currency offerings from at least four borrowers in the biggest Arab economy, data compiled by Bloomberg show...............................................Full Article: Source
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