China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

Euromoney’s 2012 FX survey results

Euromoney’s 2012 FX survey results

Access the results now

June 2011

Sovereign bonds: Dubai – The rewards of being in the UAE


Is investor generosity towards Dubai justified?


Given the regional unrest, Middle East sovereign bonds have shown a surprising rally. As Euromoney went to press, sovereign spreads were tighter on average than in mid-February: evidence that the Arab Spring benefits some, especially via the oil price.

Even more surprising is that oil-poor but politically stable Dubai is at the forefront, with its sovereign spreads tightening by some 150 basis...


You must be a trialist or subscriber to view this content

Please Subscribe or take a Free Trial below.
Already a subscriber? Log in here.





Download the Free Euromoney iPad app today