Private Debt Sales Lure Middle East, North Africa Borrowers

The video discusses the growth of GCC hard currency debt and private credit funds, highlighting the challenges with bank liquidity and the opportunities in private credit. It examines Saudi Aramco's strategy of public debt issuance to raise foreign capital, contrasting it with private placements. The discussion extends to Bahraini bonds, considering the GCC's support and the potential contagion effects of a Bahraini default. The video concludes with an analysis of economic risks, including rising rates and the need for sustainable reforms in the GCC, emphasizing the importance of political and event risks in the region.

What factors contribute to the elevated risk in the bond markets of the GCC region?

In what ways do political and event risks affect the economic stability of the GCC countries?