Qatar to take the lead in debt issuance this year: Kamco

Qatar to take the lead in debt issuance this year: Kamco:

"Qatar, along with three other Gulf countries, will take the lead in debt issuance this year and Islamic issuers are set to focus on sukuks as the outlook for Islamic banks continues to remain weak, according to Kamco. Referring to the prospective plans of Qatar and other Gulf countries in tapping the fixed income market, Kamco said these countries look at ways to finance their respective investment plans and plug budget deficits. “The GREs (government related enterprises) are increasingly tapping the international bond markets and this new trend is expected to see noticeable growth in 2018,” it said. Finding that fixed income issuances in the GCC (Gulf Cooperation Council) in 2017 saw one of the biggest jumps since the financial crisis with growth recorded in both bonds and sukuk markets; it said it was a record year for the GCC countries as sustained low oil prices coupled with rising budget pressure at home as well as infrastructure spending needs triggered some of the biggest issuances in the region."



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