MIDEAST DEBT-Order books say exuberance cooling in Gulf bond market

April 2, 2015 12:17 PM

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DUBAI, April 2 (Reuters) - Order books for Gulf bond issues are shrinking, suggesting exuberance in the market is fading - slightly - after several years of massive demand and ultra-tight pricing.

A $1 billion, 10-year sukuk issue last week by the emirate of Ras al-Khaimah, rated A by Standard & Poor's, drew roughly $2.5 billion of investor orders.

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