Primary GCC bonds in rude health as perps prove perfect purchase

Perpetuals are aplenty in the Gulf Cooperation Council (GCC) with Qatar Reinsurance and Warba Bank lining up trades for next week after top corporate GCC corporate Majid Al Futtaim (MAF) accelerated pricing for its hybrid note on Wednesday. The yield pick-up offered by perpetual products is a no-brainer for investors in the low rate environment, say bankers in the GCC.