(Bloomberg) -- Persian Gulf companies are poised to
increase sales of bonds convertible into shares, creating a
``multi billion dollar'' market for the securities within four
years, according to New York-based investment bank Jefferies
Group Inc.
Non-government companies in the Gulf have about $200 million
of convertible bonds outstanding, Christian Mouchbahani, the
investment bank's head of Middle East business, told reporters in
Dubai, United Arab Emirates yesterday. Demand for convertible
bonds is increasing as investors seek ways to profit from a
possible recovery in stock prices following a slump during the
past year, Mouchbahani said.
Read more at Bloomberg Bonds News
increase sales of bonds convertible into shares, creating a
``multi billion dollar'' market for the securities within four
years, according to New York-based investment bank Jefferies
Group Inc.
Non-government companies in the Gulf have about $200 million
of convertible bonds outstanding, Christian Mouchbahani, the
investment bank's head of Middle East business, told reporters in
Dubai, United Arab Emirates yesterday. Demand for convertible
bonds is increasing as investors seek ways to profit from a
possible recovery in stock prices following a slump during the
past year, Mouchbahani said.
Read more at Bloomberg Bonds News
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