Thursby Says NBAD’s Global Ambitions Intact
1 December, 2015
India Roundtable: Investors Prepare for Takeoff in Growing Masala Bond Market
1 December, 2015Euromoney, December 2016
Read it at Euromoney.com here
Middle East liquidity is facing an increasingly stern test as a range of sovereign and bank issuers tap the market. Not all issuers are getting through unscathed.
Saudi Arabia, Oman, Bahrain, Lebanon and Jordan have all either issued or begun marketing deals. On the banking side, National Bank of Oman, Gulf Investment Corporation, International Bank of Qatar and Commercial Bank of Dubai have all been active, with varying degrees of success.
As reported in our feature on Gulf liquidity in November, concerns have grown about the region’s capacity to digest an increasing volume of issuance following the cancellation of a deal from Abu Dhabi Commercial Bank in September. Commercial Bank of Dubai then completed a deal in early November – but that transactions raised as many questions as it answered.
