Demand to return to “pre-crisis” levels by the end of the third quarter
Citigroup has said that demand for Islamic bonds from the Middle East is expected to return to “pre-crisis” levels by the end of the third quarter, as firms restructure debt and investors are lured by higher yields, Bloomberg has reported. “The yields offered here are high, and investors globally are willing to take the risk of investing here to get that spread and return,” says Samad Sirohey, Dubai-based CEO of Citi Islamic Investment Bank EC.
You might also like...
UAE rides high on non-oil boom
26 April 2024
Qiddiya evaluates multipurpose stadium bids
26 April 2024
Al Ula seeks equestrian village interest
26 April 2024
Morocco seeks firms for 400MW wind schemes
26 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.