Gulf Bond Sales Return, And This Time It’s None of Your Business
- Bahrain and Oman arrange privately placed sovereign sales
- Amid sales jump, multiple issues are behind closed doors
Why UAE Equities are Not Following Oil's Rising Price
This article is for subscribers only.
Gulf borrowers are back in the bond market, and a new pattern is emerging.
As debt sales from issuers in the six-nation Gulf Cooperation Council surge by a third, Bahrain and Oman have opted to privately place sovereign issues. Bloomberg data show a jump in transactions done out of the public eye, and Abu Dhabi’s biggest bank says the number of such deals it has helped manage this year is 100 times the same period in 2015.