Gulf Energy Bonds Pick Up After Slowest Start Since 2014

Saudi Aramco’s planned $2 billion borrowing this month is set to boost Gulf bond sales for the second quarter to the highest in a year. The haul in the first three months was $672 million, the slowest start to a year since 2014, according to data compiled by Bloomberg. Dubai-based offshore oil and gas contractor Shelf Drilling Holding Ltd. is the only borrower so far in 2017.

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