Unrest to send Middle East loan prices higher
While pricing in the Middle East and North African primary loan markets remains lower than that in the bond and CDS markets, it will rise into line if the political unrest in the region continues, according to Middle East loans bankers.
Secondary market loan pricing has already reacted to the continuing unrest.Average bids were at 76.626bp on January 1. They dropped to 73.375bp on March 3 after hitting a bottom of 70.131bp between February 17 and 21. "With regards to the likely impact of the unrest in the ...
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