Hilbroy Advisory Inc: Mena Bond Issue Volumes Expected to be Lower This Year: by Jean-Francois Amyot
Montreal, 18 November 2011 Hilbroy Advisory Inc. (Frankfurt: 2H0) – The aggregate primary bond issues from the Middle East and North Africa (Mena) region is expected to be lower this year as high market volatility has kept a number of regional issuers from tapping the market, Andrew Dell, HSBC’s head of debt capital markets for Mena told reporters yesterday.
He expects the total bond issues from the region to be around two-thirds of the volumes reported last year. In 2010, aggregate bond issuance from the Mena region exceeded $40 billion (Dh146.88 billion) and the Gulf Cooperation Council (GCC) accounted for $32 billion; Jean-Francois Amyot.
Despite the overall number of issues having declined for the Mena region, HSBC said there has been significant number of issues from well diversified group of issuers from the region. Although the European debt crisis was partly responsible for dampening regional debt issues, the HSBC official said, besides Europe all things that triggered volatility and uncertainty kept regional issuers away from the market. HSBC said at the global level the number of issues kept up with the numbers last year, largely driven by bonds from emerging markets such as China, India, Emerging Europe and Africa.
The huge demand for public infrastructure around the Mena region and emerging markets are expected to drive the demand for long term debt financing. The ever growing demand for infrastructure funding across Mena, Africa, and global emerging markets is expected drive up long term funding through bonds.
About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential: Jean-Francois Amyot.
Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.
Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.
Contact:
Jean-Francois Amyot
Hilbroy Advisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131
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