Saudi Gazette - Sukuk issuances surge to $120b in 2013; Saudi Arabia takes lead:
"Total sukuk issuances in December stood at $14.1 billion, an increase of $6 billion over last November, bringing the total sukuk issuances for 2013 to about $120 billion, KFH-Research, a subsidiary of Kuwait Finance House Group, KFH group, said in its sukuk monthly report on Tuesday.
The report added that Saudi Arabia, the United Arab Emirates and Qatar issued sukuk of $3.3 billion during December, while Malaysia whose currency is the ringgit came in the first place in terms of issuance volume and Saudi riyal came in third place after the ringgit and the US dollar in terms of the currency issuance.
Moreover, the report explained that sukuk issuance during the month of December reflected investors' desire to get cheaper funding rates. According to the report, the total issuance of sukuk during December was 126 compared to 53 in November, and 66 in October 2013."
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