GCC debt issuance to drop to $80bn in 2018, says Franklin Templeton - The National

GCC debt issuance to drop to $80bn in 2018, says Franklin Templeton - The National:

"Total new GCC debt issuance in 2018 is forecast to drop by more than 10 per cent to $80 billion, thanks to higher oil prices and fiscal consolidation measures, according to fund manager Franklin Templeton Investments. The majority of issuances will be sovereign, including an expected multi-tranche dollar bond from Saudi Arabia, said Mohieddine Kronfol, chief investment officer of global sukuk and Mena fixed income at Franklin Templeton. Last year's issuances averaged $90bn."



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