Middle East Economic Survey
Conventional Bonds Value Has Outpaced Sukuk, Says Trowers & Hamlins
The value of corporate conventional bonds issued in the Gulf Cooperation Council (GCC) has raced ahead of corporate Islamic bond (sukuk) issuances for the first time, says Trowers & Hamlins, an international law firm. Gulf corporates have issued $12.8bn in conventional bonds over the past 12 months compared to just $4.3bn in sukuk. The value of conventional...