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Issuing Gulf bonds at $ 20 billion by the end of 2017


yota691
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A recent report showed optimism in the continued positive trend of the Gulf debt instruments, likely to issue new bonds in the GCC countries worth 20 billion dollars during the remaining quarter of this year.

The positive trend is expected to be boosted by the US $ 3 billion sovereign debt issue between Saudi Arabia and Bahrain, according to a report by Fitch Asset Management.

The performance of sovereign bonds will be stable in the Kingdom, but experience has shown that banks are not moving fast enough, pointing out that Saudi banks will not take the initiative to issue bonds, but will be a little patience due to the large volume of local deposits.

The report said: The success of the fourth quarter of 2017 is due to several factors, including the simultaneous global growth and low interest rates that attract emerging markets and promote political stability.

The report said the issuance of new bonds in Oman would depend on the size of the deficit.

He pointed out that the UAE and Kuwait are in a very good position to take advantage of the current conditions, which may lead to the issuance of new bonds on condition that there are requests and a factor of attraction from investors.

The ban would make it much harder for Qatar, but it would not be impossible, he said, adding that Doha was likely to liquidate other assets, such as its stake in Credit Suisse, to avoid risk.

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