HSBC Sees Recovery in Gulf State-Linked Bond Sales: Arab Credit
HSBC claims that bond sales by government-related companies in the Persian Gulf will be able to pick up at the beginning of next year. Then, more than $1 trillion in planned spending will be supported. The reason for the optimism towards bond sales is that this year's issuance by government-related enterprises fell to about $9.9 billion. Compared to that, it was $13 billion last year and $8 billion in 2010.