The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Capital Markets

CEEMEA Eurobond sales top $133 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. 

Other regions also saw a resurgence of supply. Russian Eurobond sales in the year to June topped $18 billion, according to Dealogic. While still well below levels seen in the boom years of 2012 and 2013, that was only $2 billion short of the total for the two and a half years after western sanctions and weak oil prices put a dampener on the demand for Russian assets.

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to and analysis and receive expertly-curated updates direct to your inbox.


Already a user?

Login now


We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree