IslamicFinance.de

The GCC debt markets in 2014 had an active second quarter, particularly in corporate bonds and sukuk. The region's noteworthy issuances include Commercial Bank of Qatar issuing $750m bond. On the sovereign front, Qatar Central Bank (QCB) issued three government bonds amounting to $261m, $577m and $261m in Q2, 2014. UAE corporate bond issuances were dominant in the second quarter. The GCC's ability to shield itself from the regional instability was again on display in the second quarter. Dubai yields continued to decline to their lowest levels in a year, with the yield of 5-6 year bonds reaching 3.27 percent. On the region's IPO market performance, the second quarter of 2014 started off and ended on a high, with a total of seven IPOs, compared to two in Q1, 2014.