The total amount outstanding of corporate and sovereign bonds issued by GCC entities stood at $181.9 billion (Dh667.93 billion) as of December 31, according to a new report.
"Sovereign issuances amount to $61.9 billion or 33.9 per cent of the total amount," said the report. "Of the amount outstanding as at 31 December 2011, $112.3 billion, or 61.7 per cent, will mature over the course of the next five years, by the end of 2016," said the report published by the Kuwait Financial Centre (Markaz).
The aggregate primary issuance of bonds and sukuk in the GCC jumped 34.1 per cent last year to reach Dh308 billion.
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