USD 34 billion of conventional bonds were issued in 2011, slightly down from 2010, while Islamic bonds were up during the same period. Corporate sector accounted for a mere 20.7% of the total, while the rest was issued by sovereign and quasi-sovereign entities.
GCC bonds in 2011 were sold in 12 currencies worldwide, but US dollar dominated with 42% of the total. London Stock Exchange grabbed the biggest share of the listed issued bonds followed by Luxembourg. UAE was by far the biggest issuer of bonds in 2011 with 48% of the total, followed by Qatar and Kuwait...............................................Full Article: Source
|