13.12.2012 - Saudi Arabia to increase dollar-denominated debt sales
Saudi Arabia will probably boost its dollar-denominated debt sales next year amid more than $500 billion of expansion projects in the largest Arab economy, Deutsche Bank AG said. Less than 30 per cent, or $2.5bn, of the kingdom's record issuance Islamic bond sales this year were denominated in the US currency, data compiled by Bloomberg show. In the UAE, the second-largest Arab economy, the majority of sukuk offerings this year were denominated in dollars as Gulf yields drop to a record, the data show...............................................Full Article: Source
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