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US investors tapped for Gulf bonds

Gulf bond issuers are likely to tap US investors for a more diverse funding base, despite the fallout from Dubai’s debt troubles, as demand for high-rating emerging market debt rises, bankers in Dubai said yesterday. There has been an increase in Gulf Arab corporate and quasi-sovereign issuers opting for 144A types of issues, which are regulated under the US securities commission allowing US investors to buy into the fundraising.