| [The National] Companies in the Middle East are heading to market in great numbers with bonds and sukuk, as they rush to take advantage of the end of stimulus measures in the US and the region’s political turmoil changes course. A combination of government bond purchases and historically low interest rates have flooded the world economy with cheap liquidity, creating and attractive environment to raise funds on bond markets. As momentum starts to build and appetite starts to come back, more issuers will return to the market, said regional CEO for UBS Investment Bank. “There’s still a lot of backlog here. Earlier in the year, the political situation had slowed down deal momentum, he added. |
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