(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.
MENAFN3008201700450000ID1095789869
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.