Was this the quarter when the Middle East came of age in the capital markets? Issuance from the region is on track for an all-time record this year, and it’s not just volume that is catching the eye: there are new tenors, a fondness for lower-rated and debut credits, and an increasingly fervent bid for Islamic paper.
According to Dealogic, Middle East DCM hit $30.46 billion-equivalent in the first six months of this year, up from $26.2
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