by Amruth Sundarkumar | Aug 16, 2022 | Sovereign Bonds, Sovereigns
Benefiting from increasing oil prices, Bahrain posted a 52% spike in revenues contributing to a budget surplus of $88mn in H1 2022. This is despite it being the smallest oil producer in the Gulf region. Bloomberg notes that this is a positive reversal from its $1.38bn...
by Amruth Sundarkumar | Jun 7, 2021 | Sovereign Bonds
Two of the Gulf non-investment grade sovereigns are lining up new bonds even as crude prices inched up to $72/barrel. Oman rated Ba3/B+/BB- (Moody’s/S&P/Fitch) is planning its second debt sale in the year and has commenced talks with banks for a possible...
