Monday, September 28, 2020

Sukuk issuance to fall 5pc says report

Bahrain Business

MANAMA: Sukuk issuance is set to fall 5 per cent this year to about $170 billion because of the coronavirus crisis, after four years of rapid growth, according to a Moody’s report published yesterday. “The decline will be partly limited by the financing needs of GCC countries because of lower oil prices and the pandemic,” said Moody’s vice-president and senior credit officer Nitish Bhojnagarwala .