| The oil price supports credit fundamentals | ||||||
With rumours spreading of forthcoming Eurobond new issues from several Arab countries, bond investors more used to analyzing Europe, Asia and the Americas are suddenly turning their attention to the region.
Issuers there have suffered false starts before. Last summer a handful of successful Eurobond issues emerged from the region, but several countries were scared away by the difficulty of pricing deals. Now bankers report that Qatar is discussing details for an issue due to be launched soon and other sovereign issuers are set to follow.
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