26.01.2010 - Investors wary on new Gulf bonds
From Thenational.ae: Bond issuance in the Gulf is unlikely to extend the boom of the latest quarter, as Dubai World’s request for a standstill from its creditors has sapped market confidence, bankers say. New issues of bonds reached US$38 billion (Dh139.57bn) last year, including record issuance in the fourth quarter, compared with $14bn in 2008 and $28bn in 2007. “If you extrapolate from the last quarter, we could see $60bn in issuance [this year], but that is probably optimistic,” said Andrew Dell, the HSBC regional managing director for global financing......................Full Article: Source