GCC sovereign issues surge 25% to $66bn in 2020
GCC sovereign issues surge 25% to $66bn in 2020 KUWAIT, February 3, 2021 Sovereign issuances by GCC entities amounted to $66.3 billion during 2020 amid growing budget deficits ensuing from Covid-19 and lower oil prices, up 25% year-on-year from $52.9 billion raised during 2019, a report said. Corporate issuances on the other hand amounted to a total value of $66.4 billion during the past year, an increase of 8% year-on-year from $61.3 billion raised during the previous year, added the report titled “GCC Bonds and Sukuk Market Survey 2020” by Kuwait Financial Centre (Markaz). The report...
Source: tradearabia.com