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Access to a debt market teeming with yield-hungry investors is helping some cash-strapped nations in the Gulf Cooperation Council kick reforms down the road.
Taking advantage of attractive interest rates, Oman raised $6.5 billion in January, its biggest sale on record, to help bridge deficits. And Bahrain, the smallest of the GCCs six nations, tapped the international bond markets for $3.6 billion in 2017. It may issue this year to help meet funding needs.
Junk-rated Oman and Bahrain have the weakest finan…
Read the full article at: https://www.bloomberg.com/news/articles/2018-03-07/bonds-are-helping-these-gulf-states-keep-their-heads-in-the-sand
