Monday, September 28, 2020

Increase in sukuk issuance

Bahrain Business

MANAMA: Sukuk issuance in Bahrain is expected to be equivalent to 30 per cent of the country’s fiscal deficit in 2020, Moody’s Investors Service said in a report yesterday. The agency said the share of sukuk financing in the country (rated at B2 stable) is seen increasing compared to its March forecasts on the back of an improvement in financing conditions from earlier this year when they reached near prohibitive levels .