After a lull in new bond issues from the region in the early part of the year, a flurry of new sales hit the market after the month of Ramadan, buoyed by strong global demand from yield-hungry investors.
HSBC, in a presentation, estimated regional bond issuance at $30 billion for 2010.
"You've got a huge infrastructure drive and quite a bit of refinancing - put the two things together and I'd be very confident the number's going to be bigger than that," HSBC's regional head for debt capital markets, Andrew Dell, told reporters.
The UK bank has been involved in some of the most significant deals in the region in 2010, including Dubai's first sovereign foray since its 2009 debt crisis, four times oversubscribed.
"You're going to see more of what we've seen already. There's a number of GRE's (government-related entities) across the region who will most likely come back and do transactions again," Dell said.
"There will almost certainly be some sovereign business, and you'll see more private sector transactions as well from the corporate sector," he said, adding there would be more convertible issues in 2011 than 2010.
