GCC sovereigns to drive surge sukuk issuance in 2019, 2020
Global sovereign sukuk issuance will recover in 2019 and surpass its record-high volumes by 2020, and possibly sooner, if oil prices remain moderate, according to rating agency Moody’s. The recovery in issuance stems from higher deficit financing needs amid moderate oil prices, in particular for sovereign issuers in the GCC,…
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