GCC markets withstand global and regional turmoil

June 02, 2011 12:00 AM

The Middle East debt capital markets have, on the face of it, had a tough time since the onset of the global financial crisis with both imported and home-grown problems. The Dubai World episode of late 2009 focused attention on the region as never before – and for all the wrong reasons. And then political upheaval in the wider region in the winter and spring and 2011 delivered another setback. Yet, even amid the turmoil, the region’s top issuers have prospered. IPIC in early 2011 delivered a groundbreaking euro and sterling dual tranche bond and Mubadala found size and liquidity in dollars, while the syndicated loan market has provided ever-keener pricing for leading corporates. In this roundtable discussion, which took place in late April in Dubai, Middle East debt specialists discuss the key issues and take stock of the borrowing landscape today.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login

Japan’s bold bet on transition bonds offers new pathway for the world

Japan’s landmark sovereign climate transition bonds have made it a frontrunner in global efforts to achieve net zero and — despite criticisms — offer a much-needed template for other countries pondering their own transition frameworks. Rashmi Kumar reports.

Roundtable: Markets reopen into an unclear future

From elections to equivalence, it has been an interesting year for the euro covered bond market. As the European Central Bank has fully left the market, covered funders have needed to unearth new — and returning — pockets of demand. In early August, GlobalCapital virtually convened a panel of issuers, investors and intermediaries to discuss what shaped euro covered bond issuance this year, and what is in store for 2025

Frank Jackman, September 04, 2024

Issuers look at cover pools beyond mortgages

Covered bonds are not just for mortgages. Interest in secured funding is growing across Europe as issuers look to use all the assets on their balance sheets. But regulatory requirements could hinder development and push issuers to seek out alternative modes of financing, reports Frank Jackman

Frank Jackman, September 04, 2024

Covered issuers gain upper hand

Though issuance may fall short of hitting record heights in 2024, the euro covered bond market looks in robust shape, with longer tenors and tighter prices available for issuers. Austin Barnes writes that the data from GlobalCapital’s Primary Market Monitor shows just how strong conditions have been

Austin Barnes, September 04, 2024