Sukuk and bonds seduce Gulf borrowers as loans wither
Gulf borrowers are being increasingly lured by the attractive terms offered in bond and sukuk markets, much to the detriment of international lenders, many of which are disgruntled by the disappointing loan volumes in the region.
A flurry of Gulf borrowers have hit the bond market in recent weeks, extending a year-long trend that has seen year-to-date DCM issuance in the region grow by 14% since 2018, much to the dismay of syndicated loan bankers.Low benchmark yields and the inclusion of Gulf bonds in ...
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