| From Bloomberg: Banks in the Persian Gulf are settling for lower fees as competition for bond sales intensifies. Bond transactions in the six-member Gulf Cooperation Council are recovering after concerns Dubai World, the state- owned holding company, would default on $24.9 billion in debt raised loan costs for businesses, deterring borrowing.
Banks led by HSBC Holdings Plc and Standard Chartered Plc advised on $9.4 billion of Gulf bond sales in the third quarter, the most since the last three months of 2009, according to data compiled by Bloomberg. Royal Bank of Scotland Group Plc said it may manage $7 billion to $10 billion of Gulf bond sales this quarter..............................................Full Article: Source
|