Middle East

GCC Corporates Adapt to New Normal – but Hopes for Bond Market Revolution Could be Dashed

Gulf sovereigns tapped the debt market on an unprecedented scale over the past couple of years as banking liquidity tightened and the hunt for yield pushed investors into new territory, setting the stage for more non-financial corporate bond issuance and a huge funding culture shift among the region’s enterprises. But there may be reason to believe what began to be seen as a funding revolution in the region could be stopped in its tracks.