Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Announcements could come as early as Monday, the two month anniversary of the last public GCC trades
Islamic investors have been a safe haven for Gulf issuers in the past, and can be now
Kuwait joins PP party
The Iran war has led to a flurry of private trades from the Gulf
More articles/Ad
More articles/Ad
More articles
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The drop in oil prices in 2015 prompted Middle Eastern goverments and companies to rethink operations — pulling back on some projects, gobbling up reserves and adjusting subsidies. GCC international bond issuance took a hit as a result — last year $20.8bn was printed, down from $26.3bn in 2014. Looking forward to 2016, some issuers have announced more bond market issuance to fill funding gaps, others less as they brace for slower growth. At GlobalCapital’s roundtable, held in Dubai on January 26, representatives from companies, banks and goverments gathered to discuss how best to navigate demand and tap new pools of funding, as well as the changing attractiveness of the bond and loan markets. -
Falling oil prices, escalating geopolitical tensions and now a slew of ratings downgrades — the Middle East’s sovereign borrowers have a lot to contend with. But strong local demand and appropriate spreads should ensure ample funding is raised this year, writes Virginia Furness.
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The fiscal strain of low oil prices in the Middle East has prompted international investors to flee the region. Spreads have blown out but issuers need funding. That means the sukuk market could be about to come to the rescue, writes Virginia Furness.
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Once abundant, Middle Eastern capital market demand is drying up as the oil price has sunk ever lower. Meanwhile, fears of the knock-on effects of China’s economic woes have been making international investors fret. On the face of it, the Middle East is likely to face huge challenges this year. At GlobalCapital’s roundtable on January 26, bankers and investors in the region assembled to discuss how they see the opportunities and risks inherent in investing in the Middle East. Can the region ride out the storm?
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Deposit rich Middle East banks will not turn away from the capital markets this year, but, as lower liquidity sets in and international banks compete for position, they will have to grow used to paying more for funding, writes Tyler Davies.
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The loan market has provided ample support for corporates across the Gulf Co-operation Council (GCC) and Egypt in the last 18 months. This will continue, but issuers will also reacquaint themselves with the bond market with innovative products this year, writes Elly Whitaker.
