| Arabian Gulf bond sales are set for a record first half as lower borrowing costs enable companies in the region to refinance debt and raise money for expansion. Governments and businesses in the six-nation Gulf Cooperation Council have sold $18.2 billion in bonds this year, 76 per cent more than in the same period in 2011, data compiled by Bloomberg show.
That’s the most for the first half since Bloomberg started tracking the data in 1999. The GCC sales expanded four times faster than those in emerging markets, which are up 19 per cent in 2012, the data show...............................................Full Article: Source
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