JPMorgan Tops Mideast Bond Deals as Borrowing Binge Sets Record

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It’s a bumper bond harvest in the Middle East and North Africa, with governments raking in $23.5 billion in the past week alone.

Not only do the sales boost 2017’s offerings to a new record, it also firms up JPMorgan Chase & Co.’s lead as the region’s top manager for a second straight year.

Abu Dhabi’s $10 billion sale Tuesday followed Jordan’s $1 billion transaction on Monday, and Saudi Arabia’s $12.5 billion issue last week, the biggest sovereign deal in emerging markets this year. JPMorgan was among the banks marketing all three…

Read more : Bloomberg, 03.10.2017