GCC bonds & sukuk market raises $174.17bn - The Peninsula Qatar

GCC bonds & sukuk market raises $174.17bn - The Peninsula Qatar:

"A total of $174.17bn was raised in the GCC aggregate bonds and sukuk market during 2017, an increase of 3.96 percent over $167.54bn raised in 2016. Out of which, $69.90bn was raised by the GCC Central Banks local issuances (CBLI) whereas $104.26bn was raised by GCC sovereign and corporate issuance. GCC aggregate bonds and sukuk market includes GCC Central Banks Local Issuances in addition to GCC Sovereign and Corporate Issuances. According to Kuwait Financial Centre’s (Markaz) ‘GCC bonds and sukuk market’ research note, an estimated 73.3 percent of GCC bonds and sukuk issuances (in value terms), with an aggregate value of $76.46bn were listed on exchanges in 2017. International exchanges accounted for 99 percent of such listings while regional exchanges recorded listing of 4 bonds and sukuk with a total value of $0.89bn. Dublin continued to be the most sought after exchange as it listed 71.39 percent of all the listed issuances during the year. The S&P MENA Bonds and Sukuk Index posted a gain of 4.56 percent in 2017, (4.003 percent in 2016) with total return increasing from 114.85 on 31st December 2016 to 120.19 on 29th December 2017. The index recorded the lowest value around the beginning of the year on 3rd January 2017 when it reached 114.94, while it recorded its highest value of 120.59 on 8th September 2017. Year-on-year, the Index yield increased from 3.38 percent to 3.40 percent. The index recorded its minimum yield during the year of 3.08 percent on 2nd June 2017 while it recorded its maximum yield of 3.43 percent on 10th November 2017."



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