Perspective
22 February 2017
Funding tap: GCC margins dip
In:
Oil & gas, Power
Region:
Middle East & Africa
Two years of tight regional bank liquidity and even tighter government budgets forced many Middle East state-owned borrowers into the ECA-backed and pre-export loan markets at a time when margins jumped significantly. This year, and for the first time since the 2014 oil price slump, margins have begun to tighten again – albeit slightly.
