MENA bond issues to reach USD 40bn in 2011 - Deutsche Bank.

By bne IntelliNews June 15, 2011
Bond issues in the Middle East and North Africa (MENA) region in 2011 are expected to reach or be higher than last years of USD 40bn, Gulf News reported citing a senior Deutsche Bank executive. Year-to-date bond issues have reached USD 10bn, Salman Al Khalifa, managing director, head of global markets at Deutsche Bank said. The ongoing political unrest throughout the region have halted temporarily bond issues but Al Khalifa expected many issues to take place before the end of the year due to the attractive rates. Saudi Arabia, unlike other MENA markets where most of the issues are aimed at international investors, will have a significant portion of domestic bond issues.

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