Bond Markets Stir Across Middle East After Historic Saudi Sale
- Saudi bond sale has helped lift price of long-dated Gulf paper
- Sale will stimulate more local issuance: Franklin Templeton
Saxo Bank: Investors Are Picking Up on the Saudi Story
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Saudi Arabia’s record debut international bond sale is shifting the ground across Middle East debt markets, fueling price gains and stoking speculation of more borrowers to come.
The bonds of Qatar, Bahrain and Dubai are rallying in the wake of the kingdom’s $17.5 billion transaction that was completed yesterday. The offering, the biggest by an emerging-market nation, is being hailed as a likely spur to other Saudi companies in coming weeks and months.