MENA bond issues to exceed USD 30bn in 2011.

By bne IntelliNews December 17, 2010
Primary bond issues in the MENA region are expected to exceed USD 30bn in 2011 on long-term debts for large infrastructure projects and refinancing of maturing short-term debts, Gulf News reported, quoting Andrew Dell, HSBC's head of debt capital markets for MENA. The volume of bond issues this year stands at USD 30bn. In 2010, Qatar was the leader in terms of bond issues with an aggregate of USD 8.5bn, followed by Saudi Arabia with USD 6.6bn and Dubai with USD 4.3bn, according to HSBC figures.

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