News

Abu Dhabi sells first 30-year bond

Abu_Dhabi2Abu Dhabi sold 30-year bonds for the first time as part of a debt issue that raised a total of $10 billion. The emirate sold $3 billion of 30-year bonds alongside five and ten-year paper. Reports suggest Abu Dhabi had orders of more than $30 billion. Bond investors said the issuance was timed to gather assets before the US Federal Reserve raises interest rates, which some traders expect to happen in December. About a week before Abu Dhabi's issue, Saudi Arabia raised $12.5 billion in the biggest bond sale from an emerging market issuer this year. With its large oil reserves, Abu Dhabi is considered a trustworthy borrower and has the highest credit rating in the Gulf region. ©2017 funds global mena

Executive Interviews

INTERVIEW: Totally mega

Jun 13, 2018

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

INTERVIEW: Protecting the investment

Nov 23, 2017

Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.

Roundtables

MENA ROUNDTABLE: ‘The story is about reforms’

Jun 13, 2018

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.

SOUTH AFRICA ROUNDTABLE: Airline syndrome

Jun 13, 2018

Our panellists tell us that instead of launching competing national projects, African countries should work together for the sake of a bigger capital market. Chaired by George Mitton in Cape Town.