Qatari issuers raise $19.97bn, lead GCC bonds and sukuk market in H1

Qatari issuers raise $19.97bn, lead GCC bonds and sukuk market in H1:

Qatari issuers led the GCC aggregate bonds and sukuk market in the first half of this year, raising a total of $19.97bn, according to Kuwait Financial Centre.

Qatari bonds and sukuk in H1 were through 47 issuances and represented nearly 32% of the total value raised in the Gulf Co-operation Council region, according to a recent report by Kuwait Financial Centre (Markaz).

The report stated that the aggregate primary issuance of bonds and sukuk by GCC entities, including central banks’ local issuances, GCC sovereign and corporate issuances, totalled $95.25bn in H1, 2018, which represents a 9.64% increase on H1, 2017.