Saudi Gazette - GCC sukuk issue to continue growing at double-digit pace:
"Demand for sukuk by corporate and infrastructure issuers in the Gulf is likely to continue growing at a double-digit pace in the year or two ahead, and could pick up in Malaysia after a weak 2013, Standard & Poor’s Ratings Services said in a study Wednesday.
It further said support for the market is coming from refinancing requirements, a huge need to finance infrastructure projects, the pullback in bank lending, and supportive governments, though investor uncertainty continues to hold back even stronger growth.
The past year featured a sukuk with record-setting tenor of 30 years, compellingly low rates on some big-name issuance, but also issuance volatility on the heels of the Fed’s announcements about its tapering Program, it added."
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