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Meanwhile, Gulf borrowers head private as Iran war volatility keeps public flow thin
◆ Gulf issuers turn to private markets ◆ Public sector and corporate borrowers to bring forward plans ◆ Banks re-enter covered and unsecured funding markets
Easter holidays and Middle East volatility subdued regular private placement activity though Gulf states step up private funding
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The emirate has not printed in the public markets since 2024
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‘Very impressive’ market growth heralds more SSA and credit issuance
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Sovereign to further its commitment to euro commercial paper
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Positive rates lures SSAs to short-term funding