Wednesday 17, May 2017 by William Mullally

Sovereigns to dominate new issuances in the GCC

 “Even in the corporate sector, many of the issuers are Government-Related Entities. We believe that stand-alone and entirely private corporates will continue to account for a small portion of issuance in the region primarily due to a traditional reliance on banks for funding on the one hand, and because these type of issuers normally do not have the financing needs that would entail a benchmark sized public issuance on the other hand. They are generally too small to issue in the USD denominated public debt markets,” Mr. Hussain said on the sidelines of Bonds, Loans & Sukuk Middle East conference, which kicked off in Dubai.

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