FINANCIAL NEWS

GCC issuance of bonds, sukuk in 2011 up 34.1%

08 Feb 2012

(MENAFN) Kuwait Financial Centre (Markaz) said that in 2011, the total primary issuance of bonds and sukuk in the GCC surged 34.1 percent to USD83.8 billion, reported Gulf News.

Markaz added that as of December, the total amount outstanding of corporate and sovereign bonds issued by GCC entities reached USD181.9 billion.

It also said that of the total bonds and sukuk issued last year, USD50.7 billion was raised by the central banks of Kuwait, Bahrain, Qatar, and Oman, with the Central Bank of Kuwait raising USD25.8 billion, accounting for 50.9 percent of the total CBLI amount through 63 issuances.

It is worth noting that a total of USD33.4 billion was raised by Sovereign and Corporate bond and sukuk issuances during 2011, compared with USD35.6 billion in 2009.

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