| Islamic bond sales in the Arabian Gulf have already surpassed the full-year record set in 2007 as the risk of defaults declines and investors pursue higher- yielding assets.
Gulf Co-operation Council (GCC) offerings reached $17.4bn this year compared with a previous record of $16.2bn in all of 2007, according to data compiled by Bloomberg. Qatar led the new issues, raising $4bn last week by selling AA-rated Shariah-compliant notes due in 10.5 years at a profit rate of 3.241%. .............................................Full Article: Source |