FINANCIAL NEWS

New issuance debt value in GCC grows by 75.22pct

30 Aug 2017

(MENAFN) The GCC bonds and sukuk market stayed strong last year, while viewing a substantial increase in activities by the regional nations’ need to plug their budget deficits.

Currently, the sovereign issued controlled the GCC bonds and sukuk market as their share grew to 64.3 percent last year compared to 58.26 percent in 2015.

The whole value raised by global issues increased by 73.4 percent as USD65.82bn was raised amid 25 sovereign issuances over the year compared to USD37.96.

Additionally, a total of USD167.54bn was raised in aggregate amid the primary market last year, an increase of 41.20 percent compared to USD118.6bn in 2015.

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MENAFN3008201700450000ID1095789869

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