02.07.2012 - Global investors snap up big chunks of Gulf bond issues
Investors from outside the Gulf have muscled in on two big bond issues from the region, taking very high portions of the debt on offer ó a sign of international confidence in the region, but a source of frustration for some locals who wanted to buy more. Just 43 per cent of Bahrainís 10-year, $1.5 billion (Dh5.5 billion) sovereign bond, issued last Wednesday, was placed in the Middle East. Thirty-two per cent went to investors in Europe, including Britain, 14 per cent to the United States, and 11 per cent to Asia, according to official data...............................................Full Article: Source
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