VOL. XLVII

No 10

08-March-2004

CAPITAL MARKETS

Low Interest Rates Continue To Encourage Bond Issuance

Low interest rates have reduced borrowing costs, encouraging countries, companies and banks to issue more bonds in the Middle East over the last year, with the success and oversubscription of both conventional and Islamic paper providing further impetus. There have been a number of high profile corporate issuances in the energy sector, including last weeks Ras Laffan Liquefied Natural Gas Companys...