Mubasher: The total value of issuances in the GCC region reached about $142 billion year-to-date (YTD)-November-2020, almost in line with last year's levels.
The full-year 2020 issuances are forecast to marginally exceed last year's levels, according to Kamco Invest's report citing data from Bloomberg.
Since May 2020, the GCC government and companies have recorded fixed income instrument maturities worth $38.7 billion, which were largely refinanced.
The GCC governments have issued $47.5 billion bonds since the beginning of 2020 and until November 2020, including $35.4 billion during the first half (H1) of 2020.
Meanwhile, the governments have issued $28.7 billion Sukuk, which was equally split during the first and second half of 2020.
In 2019, the governments' bond and Sukuk issuances amounted to $48.8 billion and $34.3 billion, respectively.
As for the GCC companies, $46.2 billion bonds and $19.9 billion Sukuk were issued in 2020 until November 2020, compared to last year’s $45.3 billion bonds and $14.8 billion Sukuks.