Bahrain and Oman are likely to finance any increase in fiscal deficits next year through sovereign debt issuance, according to Moody's Investors Service.
The ratings agency said that while the six GCC states can withstand the
Burgan Bank, a leading commercial bank by assets in Kuwait, has completed its capital increase through a rights issuance announced earlier.
The bank’s shareholders have subscribed in the capital increase during the designate
Bahrain Commercial Facilities Company has closed a US$53 million floating rate, unsecured note issuance due in 2019.
Arab Banking Corporation (ABC) was the sole lead manager, while Trowers & Hamlins acted as lead counsel to th
Corporate and infrastructure sukuk issuance is likely to rise over the next few years, despite the dip in issues over the past eight months compared to the same period last year, said Standard & Poor's Ratings Services report.
The opportunities and challenges facing conventional and Islamic bond issuance in Saudi Arabia will be discussed at a forum to be held in Riyadh tomorrow (April 1).
The forum, hosted by Standard & Poor&rsqu
While the annual global issuance of sukuk has grown at a compound annual growth rate of 38 per cent to $81 billion in 2012, up from $3.3 billion in 2002, the market is likely to maintain its positive long-term growth trends, a report said.