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Investors from Saudi Arabia uninhibited bankruptcy
Date: 24/08/2016 12:37
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Information / Baghdad ..
Investors bought insurance contracts stumbled against Saudi Arabia in the repayment of their debts, with the approaching launch of Riyadh sovereign bonds in the international markets.
According to the channel "Russia Today", investors usually turn to secure the bonds they buy, and through contracts with insurance companies against the risk of faltering owner of the bond payment.
And it stepped up the value of insurance contracts stumbled against Saudi Arabia in the repayment of its debt to reach $ 1.1 billion, the highest level ever. This coincides with the determination of the kingdom, which depends on oil revenues dramatically, to ask to fill its budget deficit bonds.
In light of the growing demand for insurance contracts stumbled against Saudi Arabia in the repayment of debt, the price of these contracts has increased from 50 basis points recorded in mid-2014 to 155 basis points in August / August 2016, which increased the price of insurance contracts by about 4-fold.
And it reached Saudi Arabia's budget deficit last year of $ 98 billion, equivalent to 13% of the size of the GDP of the Kingdom, due to falling oil prices by more than half since mid-2014.
With the deterioration of the economic situation in the Saudi banking sector in the UK is facing liquidity problems, with the increase in interest rates between banks. This is due to cheap oil, which prompted the government to borrow from the domestic market resulted in the withdrawal of liquidity has led to increased credit rates. Finished / 25
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[url][/url]Information / Baghdad ..
Investors bought insurance contracts stumbled against Saudi Arabia in the repayment of their debts, with the approaching launch of Riyadh sovereign bonds in the international markets.
According to the channel "Russia Today", investors usually turn to secure the bonds they buy, and through contracts with insurance companies against the risk of faltering owner of the bond payment.
And it stepped up the value of insurance contracts stumbled against Saudi Arabia in the repayment of its debt to reach $ 1.1 billion, the highest level ever. This coincides with the determination of the kingdom, which depends on oil revenues dramatically, to ask to fill its budget deficit bonds.
In light of the growing demand for insurance contracts stumbled against Saudi Arabia in the repayment of debt, the price of these contracts has increased from 50 basis points recorded in mid-2014 to 155 basis points in August / August 2016, which increased the price of insurance contracts by about 4-fold.
And it reached Saudi Arabia's budget deficit last year of $ 98 billion, equivalent to 13% of the size of the GDP of the Kingdom, due to falling oil prices by more than half since mid-2014.
With the deterioration of the economic situation in the Saudi banking sector in the UK is facing liquidity problems, with the increase in interest rates between banks. This is due to cheap oil, which prompted the government to borrow from the domestic market resulted in the withdrawal of liquidity has led to increased credit rates. Finished / 25
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