GCC Bonds and Sukuk Market Survey- 2015 Highlights

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A substantial growth was witnessed in the new issuance value in the Aggregate GCC Bonds and Sukuk market during 2015 with a total of USD118.653 billio.....

Summary

A substantial growth was witnessed in the new issuance value in the Aggregate GCC Bonds and Sukuk market during 2015 with a total of USD118.653 billion raised, an increase of 37.20% in comparison to USD86.483 billion raised in 2014. A large part of the increase is attributable to the Saudi Arabian sovereign issuances totaling USD30.647 billion, first of such issuances since 2007, issued to finance the budget deficit in the aftermath of persistently low oil prices. In the absence of the sovereign bonds from Saudi Arabian government, the Aggregate GCC Bonds and Sukuk new issuance would be USD88.006 billion, a meager growth of 1.76% from the 2014 value. Overall, the Sovereign and Corporate issuances grew by 82.40% while the Central Bank Local Issuances (“CBLI”) increased by 5.39% as compared to 2014.

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GCC Bonds and Sukuk Market Survey- 2015 Highlights

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