The pipeline for bond sales in the GCC is "very, very strong and I think will remain" that way, Ashok Aram, chief executive officer for the Middle East and North Africa for the bank, said at a news conference in Dubai today. The GCC region has "relied a lot on bank loans but bank loans are going to be more constrained" as European lenders reduce debt and seek to raise capital to comply with more stringent rules, he said.
Governments and companies in the GCC, seeking to benefit from the lowest interest rates in 20 years, have raised $28.2 billion from 58 bond issues so far this year, compared with the $13.6 billion raised from 26 issues in the same period of 2011, according to data compiled by Bloomberg. Syndicated loans have raised $24.3 billion for borrowers so far this year, compared with $26.1 billion in the same period of 2011, the data shows.
Sukuk.me Wire External Story - Read full article here
Sukuk.me is not responsible for the content of external internet sites