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Gulf issuers plan more debt sales, undeterred by recent market...

Gulf issuers, including Saudi Arabia's sovereign wealth fund, are planning bond offerings despite recent market turmoil caused by President Trump's tariff policies. Saudi Arabia's Public Investment Fund is seeking to raise $1.5-$2 billion with a sukuk, while Abu Dhabi Ports Company aims to raise $2 billion. Renewable energy firm Masdar is also looking to raise $1 billion from a green bond. However, plans are not yet finalized. Recent bond market turmoil has led to higher borrowing costs for issuers.

Original article source: https://www.dailymail.co.uk/wires/reuters/article-14634283/Gulf-issuers-plan-debt-sales-undeterred-recent-market-turmoil-sources-say.html
Source Id: 8645341689

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