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FINANCIAL NEWS
Bond issuance in GCC hits USD22bn this year
12 Jun 2017
(MENAFN) Whole gross bond issuance in the GCC surpassed 2016’s total value in the Jan-May period of this year, as proclaimed Fisch Asset Management.
Meanwhile, recent market conditions have made a favorable landscape for new bond issuances, with the GCC Sukuk market issuing more than USD22bn.
Last year, a total of USD21bn bonds were pumped; this number is more than 74.6 percent from 2015, when issuances reached USD12.6bn.
This year positive performance is due to ongoing strong investor demand for emerging market assets, due to the higher yield available.
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MENAFN1206201700450000ID1095552562
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