| The Middle East's biggest debt underwriter said bond sales by government-related companies in the Gulf will pick up at the start of the new year 2013 to support more than $1 trillion in planned spending.
There's reason to be 'optimistic' for sales by government-related enterprises at the start of next year, said Georges Elhedery, head of global markets for the Middle East and North Africa at HSBC. Issuance this year by so-called GREs fell to about $9.9 billion from about $13 billion in 2011 and compared to $8 billion a year earlier, according to data...............................................Full Article: Source
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