| Gulf firms are likely to sell more bonds in Asian currencies, particularly Malaysian ringgit sukuks, as issuers look to diversify their investor base and Asian states seek more foreign participation in their financial markets.
However, the majority of recent Gulf issues in Asian currencies have been ringgit sukuks. Several Gulf firms are eager to tap the world’s biggest Islamic bond market in Malaysia, which is wooing non- Malaysian issuers with its well regulated and investor-friendly market compared to the Gulf’s underdeveloped local currency sukuk base...............................................Full Article: Source
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