Corporate and infrastructure issuers in the Gulf region may increasingly rely on sukuk as a source of funding in coming quarters, says a report published by Standard & Poor’s Ratings Services.
The report - Sukuk Are Surpassing Conventional Bond Issuance in the Gulf Countries as Yields Tighten - said sukuk issuance in the GCC has reached a record high this year, propelled by positive developments in the region’s economy and capital markets. Yields have fallen dramatically on both conventional and sukuk capital market issuance in the past year………………………………………..Full Article: Source