Rush for Cash on Low Oil Boosts Gulf Bond Sales to Record: Chart

Megabonds issued by Qatar and Abu Dhabi boosted sales in the six-nation Gulf Cooperation Council to a record $44.4 billion, beating a previous all-time high set in 2012, according to data compiled by Bloomberg. The drop in the price of Brent crude has resulted in budget shortfalls in a region that produces a fifth of the world’s oil, pushing governments into the bond market.

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