The GCC debt capital market should score another positive year this year as fundamentals favoring the market are expected to continue, said Sameh Al Qubaisi, General Manager of Corporate Coverage Group at National Bank of Abu Dhabi’s (NBAD) Global Financial Markets.
Speaking at the 2013 Global Financial Markets Forum (GFMF) in Abu Dhabi Wednesday, he said “2012 was a stellar year for capital debt markets and we expect a continued growth and maturing of this sector which will fuel accelerated growth across the economy.”
Issuances in the first month and half of 2013 has surpassed $3 billion (AED11 billion), with a number of issuers looking closely to tapping the market at the right window of opportunity. Volatility in credit spreads in the mature markets will continue to attract fixed income investors to markets in GCC.
Read more: http://www.saudigazette.com.sa/index.cfm?method=home.regcon&contentid=20130228154829
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