04.09.2012 - Gulf bond market forges global links
When Abu Dhabiís biggest bank issued a $750 million (Dh2.8 billion) bond in August, strong investor demand underlined how well most Gulf banks are riding out the global financial crisis. The issue also sent another signal: that the regionís debt market is growing strongly and, increasingly, integrating with overseas markets. Gulf Arab companies and governments have issued over $25 billion of conventional and Islamic bonds so far this year in both foreign and local currencies, according to Thomson Reuters data. That already matches last yearís total of $26 billion, and puts the Gulf comfortably on course this year to exceed the 2010 amount of $30 billion................................................Full Article: Source
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