(Bloomberg) -- Megabonds issued by Qatar and Abu Dhabi boosted sales in the six-nation Gulf Cooperation Council to a record $44.4 billion, beating a previous all-time high set in 2012, according to data compiled by Bloomberg. The drop in the price of Brent crude has resulted in budget shortfalls in a region that produces a fifth of the world's oil, pushing governments into the bond market.
To contact the reporter on this story: Arif Sharif in Dubai at asharif2@bloomberg.net.
To contact the editors responsible for this story: Samuel Potter at spotter33@bloomberg.net, Dana El Baltaji
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