{"id":648229,"date":"2017-05-31T03:57:25","date_gmt":"2017-05-31T03:57:25","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/31\/middle-east-borrowing-has-set-a-record-pace-in-5m2017\/"},"modified":"2017-05-31T03:57:25","modified_gmt":"2017-05-31T03:57:25","slug":"middle-east-borrowing-has-set-a-record-pace-in-5m2017","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/31\/middle-east-borrowing-has-set-a-record-pace-in-5m2017\/","title":{"rendered":"Middle East borrowing has set a record pace in 5M2017"},"content":{"rendered":"

Middle East borrowing has set a record pace<\/strong>, the Financial Times reports<\/a>, saying sovereigns across the region have sold bonds worth USD 38.5 bn in 2017 and writing that \u201cEgypt\u2019s move last week to raise USD 3 bn via the sale of five-, 10- and 30-year debt \u2014 its second fundraising of the year \u2014 represents the latest in a flurry of deals which seasoned advisers have dubbed a \u2018boom\u2019 in bond issuance for developing economies.\u201d The one note of caution comes from a BNP Paribas banker \u201cwho called the conditions \u2018amazing,\u2019 but warned that this was unlikely to last.<\/strong> \u2018We are very much in a sweet spot in terms of issuance conditions at the moment,\u2019 he said, arguing that issuers were taking advantage of investor demand to stock up on finance even if they do not immediately need it. \u2018Global markets have been so positive this year that we are seeing a lot of front-loading of supply, people are particularly aware that US rates are rising and that affects the rate at which they can borrow.\u2019\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Middle East borrowing has set a record pace, the Financial Times reports, saying sovereigns across the region have sold bonds worth USD 38.5 bn in 2017 and writing that \u201cEgypt\u2019s move last week to raise USD 3 bn via the sale of five-, 10- and 30-year debt \u2014 its second fundraising of the year \u2014 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-648229","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"a4d7f164-f5bb-4569-b603-51154b892539","order":"0","is_powered_by":true,"section_story_id":"61684082-34ca-4449-93de-eb5b8f73bdb8","story_type":"1","photo_url":"","photo_position":"above","related_issue":[648211],"teaser":"","voice_url":""},"yoast_head":"\nMiddle East borrowing has set a record pace in 5M2017 - 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