Saudi Gazette - GCC private sector fuels debt issuance in 1H 2013

Saudi Gazette - GCC private sector fuels debt issuance in 1H 2013:

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The stock of GCC bonds (both conventional and sukuk) increased healthily during the first six months of the year, the National Bank of Kuwait (NBK) report said Tuesday.

Private sector issuance maintained a strong pace, dominating the GCC's fixed income activity, driven by the non-financial sector, which also experienced its best six months yet.

The stock of outstanding GCC fixed income instruments rose to 239.8 billion at the end of 1H13. The balance of outstanding bonds was up 19.2 billion thus far in 2013 and 15.3 percent against a year ago."

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