Capital markets to play a bigger role in financing in GCC | GulfNews.com

Capital markets to play a bigger role in financing in GCC | GulfNews.com:



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Issuance of both conventional and Islamic (sukuk) bonds are expected to remain steady this year with sukuk gaining a larger share in the total capital market issuance in the region, according to rating agency Standard & Poor’s.



In 2003, total debt capital market issuance was close to $55 billion which was nearly 8 per cent higher compared to the previous year with most of the increase coming from sukuk issuance.



In 2014, analysts expect the total issuance to remain steady at around $58 billion, while sukuk dominating the regional capital market issuances.



Corporate and infrastructure issuers in the Gulf continue to benefit from positive economic fundamentals and strong appetite from regional and international investors for high credit quality paper."



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