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Kuwait postpones planned $10bn sovereign bond issue until 2017

  DUBAI/ Reuters Kuwait has delayed a sovereign bond issue of up to $10 billion until next year after deciding it is in no rush to raise funds overseas, bankers familiar with Kuwaiti debt policy said. Finance Minister Anas al-Saleh said in July the government planned to sell as much as $10 billion of U.S. dollar-denominated conventional and Islamic bonds ...

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Qatar’s Masraf Al Rayan, Doha Bank to launch ETFs by year-end

  Doha / Reuters Qatari banks Masraf Al Rayan and Doha Bank plan to launch the Gulf state’s first exchange-traded funds (ETFs) by the end of 2016, a move that should boost capital flows into the local stock market, a bourse official said. The launch of ETFs – portfolios of stocks that track an index – could boost a market ...

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Scramble for green yield in Europe has big power beating banks

  Bloomberg Some of Europe’s largest utilities are choosing to finance renewable energy projects alone instead of involving banks, leading to an unexpected gain in cash flowing into the industry that’s struggling to cope with subsidy cuts. Investment in clean energy in Europe, rose 2 percent to $41.2 billion in the first nine months of this year compared with the ...

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