Sovereign and quasi-sovereign issuers drive global primary sukuk market in first quarter - Business Intelligence Middle East - bi-me.com - News, analysis, reports:
"According to a newly released report “Global Sukuk Report 1Q2014” by Kuwait Finance House Research Limited (KFHR), the global sukuk market saw a modest volume of USD31.14bln in new sukuk issuances in 1Q2014.
This volume represents a drop of 15.2% as compared to the USD36.73bln in issuances during 4Q13 and 9.82% short of the USD34.53bln worth of issuances in 1Q13.
The drop in issuance volume stems from a noteworthy slowdown in the GCC sukuk issuances in 1Q14, particularly in the month of March when the only GCC sukuks issued were the short-term liquidity management sukuks by the Central Bank of Bahrain. The volume of sukuk issuances in the GCC fell by 12.5% in 1Q14 as compared to the volume in 1Q13."
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