28.03.2013 - Gulf issuers try out new bond formats
Gulf bond issuers are tapping new bond structures and investors as the energy-rich region embarks on big infrastructure projects, bolsters ties with Asia, and capitalizes on investor appetite for its highly rated paper. Depending on what investors are being catered to, the bonds often have exotic nicknames like Dim Sum for China or Uridashi for Japan. With global interest rates low, bond buyers around the world are hunting for higher yields and are buying Gulf bonds. They are attracted by the regionís mostly high-rated sovereign credits and yields that are often higher than other similar-rated issues in other jurisdictions. They are being paid a premium for perceived geopolitical risk in the Gulf...............................................Full Article: Source
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