Markaz: Issuance of bonds and sukuk by GCC entities decreases
The value of bonds and sukuk issued by GCC entities during H1 2015 amounted to $48.13 billion, down by 15.19 per cent from the same period in 2014. This is according to a report issued by Kuwait Financial Centre (Markaz) and titled GCC Bonds & Sukuk Market Survey. The study highlights the trends pertaining to issuances in the GCC region during H1 2015. The report adds that during the first half of 2015, central banks in Kuwait, Bahrain, Qatar and Oman raised a total of $28.29bn, pointing out that the Central Bank Local Issuances are fixed-income securities issued by GCC central banks for the purpose of regulating levels of domestic liquidity.
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