05.04.2013 - Saudi bond market taking off with innovative deals
After years in which the growth of Saudi Arabia’s bond market lagged its economy, the market is taking off as local companies rush to issue debt — though low returns are keeping foreign investors on the sidelines. Traditionally, Saudi companies and other entities have relied on bank loans and retained earnings to finance their expansion. For debt market traders, that has made Saudi Arabia a case of unfulfilled potential. In recent months, that pattern has started to change as companies become more familiar with bonds, a wide range of investors demand them, and banks bump up against the limits of how much they can lend to individual companies...............................................Full Article: Source
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