May 26 2011 |
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Gulf bond issuers eye new opportunity
Thursday, May 26, 2011
Dubai After going through a sluggish first quarter, the Gulf bond market is witnessing a flurry of activity with more regional entities tapping the international debt capital markets.
After two successful issues from Sharjah Islamic Bank and Islamic Development Bank ( IDB ) with significant investor interest, more issuers including Saudi Electricity and Qatar Islamic Bank are lining up bond issues.
While Emirates airline kicked off a roadshow for its upcoming bond issue in Hong Kong on Monday, Abu Dhabi Government owned investment company Aabar has issued €1.25 billion (Dh6.45 billion) in bonds.
Head to the market
By Babu Das Augustine?Deputy Business Editor
© Gulf News 2011. All rights reserved.
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