debt capital markets

What is happening in the bond markets?

Borrowing costs are going up, in the financial markets at any rate. After years of falling, interest rates are slowly edging upwards.  The same is true in other markets and parts of the world. A recent article by the FT highlights that governments in the MENA region set a debt-raising record in the first half of 2017 with the amount reaching $38.5bn of syndicated sovereign bonds.

Falling oil prices over the last couple of years has seen the MENA regions governments and large corporations face an unprecedented financing challenge.  Firms have had to reassess the way they operate and as a result a squeeze on budgets has seen them reach out to the to the international bond markets to plug funding gaps.

According to Euromoney, Issuers in the Gulf Cooperation Council countries raised $66bn last year, and this year’s total is expected to be higher.  In the same article they cover the GlobalCapital’s roundtable which was held in Dubai on March 2.  it was hosted by Standard Chartered, and leading participants discussed the steps needed to take the region’s debt capital markets from nascent to mature, to ensure that they can continue to function, whatever happens to the oil price.

The series of courses offered in this section aim to provide delegates with an insight into the world of Debt Capital Markets and how they are developing within the MENA region, with the GCC taking lead.