June 13, 2021
A brace of Arabian Gulf sukuk trades racked up enormous order books this past month, indicating high levels of pent-up demand for Sharia-compliant paper. Despite some “teething problems”, sukuk issuance is expected to grow rapidly as hungry investors pile in. Saudi Arabian oil group Aramco raised $6 Billion in June as the company returned to the international debt markets with its first and one of the world’s largest, U.S. dollar-denominated Islamic bond sales.
Read the original article on Global Capital: Aramco uncovers ‘pent-up’ demand in sukuk market as issuance expected to grow