September pipeline swelling with Gulf names ahead of hefty redemption schedule
The Middle East is facing its heaviest ever redemption schedule at the start of 2020, and investors are expecting the region to dominate the primary market when issuance begins in September.
The first quarter of 2020 will be the heaviest for redemptions that the region’s issuers have ever faced, with over $15bn of deals maturing, according to Dealogic.“There’s a lot of names in the pipeline,” said an emerging markets portfolio manager. “We’re expecting a lot of names from ...
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