Gulf gov'ts to continue tapping global debt markets this year, analysts say | ZAWYA MENA Edition

Gulf gov'ts to continue tapping global debt markets this year, analysts say | ZAWYA MENA Edition:

"The amount of bonds and sukuk issued in the Gulf region hit a record high of over $70 billion last year, fuelled by sovereign governments, who raised 70 percent of the total, according to a new study. The figure represented a $10 billion (16.7 percent) increase on the amount of debt raised on capital markets in the previous year, report co-authors Fisch Asset Management (Fisch) confirmed to Zawya by email on Tuesday. The GCC Fixed Income Market: Then and Now, a white paper published by Fisch/Emirates NBD Asset Management on Monday, stated that 2017 represented the second year where sovereign governments had embarked on aggressive external debt issuance programmes as they seek to fill budget deficits caused by lower oil revenues."



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