CEEMEA Eurobond sales top 33 billion in record first half

Spreads at multi-year lows as demand remains buoyant; Investors reverse underweight positions.

Eurobond issuance from the central and eastern Europe, Middle East and Africa region hit a record $133 billion in the first six months of the year as Russian corporates, Gulf sovereigns and Turkish banks rushed to take advantage of ultra-low funding costs.

The total easily surpassed the previous high of $113 billion set in the first half of 2012, thanks partly to bumper deals from the governments of Oman, Kuwait and Saudi Arabia, which between them raised $22 billion in March and April.

Thanks for your interest in Euromoney!
To unlock this article: