Current trend of sukuk, bonds pricing may persist: Fitch

The pricing of most sukuk and comparable bonds continued to be similar and highly correlated in the first half of 2023 (1H23) with this trend likely to persist, Fitch Ratings said.

This is despite macro developments such as rising interest rates and volatile oil prices and complexities in sukuk structures linked to Shariah compliance.

"Fitch analysed the pricing of 38 sukuk and comparable bonds issued by the same obligors from the Gulf Cooperation Council (GCC), Indonesia and Turkiye (based on yield-to-maturity) with more than 60 per cent being sovereign issuance. 

Read more here