Corporate and infrastructure sukuk issuance likely to rise, despite recent dip - Business Intelligence Middle East - bi-me.com - News, analysis, reports:
"Corporate and infrastructure sukuk issuance is likely to rise over the next few years, despite the dip in issues over the past eight months compared to the same period of 2013, says Standard & Poor's Ratings Services today in report: "Why Corporate And Infrastructure Sukuk Issuance Is Declining, Despite Healthy Prospects."
Issuance has trended downward this year in the Gulf Cooperation Council (GCC) and Malaysia, dropping 33% and 7%, respectively. By contrast, total sukuk issuance (including financial institutions and sovereigns) grew by 19% in the GCC and by 6% in Malaysia over the same period.
"We attribute the decline in corporate and infrastructure sukuk in large part to cheap and ample bank liquidity, which has made issuers less reliant on the capital markets," said Standard & Poor's credit analyst Karim Nassif."
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