null Market recovery to underpin rise in sukuk issuance in 2021 – S&P Ratings
Market recovery to underpin rise in sukuk issuance in 2021 – S&P Ratings
13 Jan 2021 | Wednesday Source: S&P Global Ratings
The global volume of Islamic bond, or sukuk, issuances is projected to rise in 2021 following an expected market and economic recovery in core Islamic finance countries, according to S&P Global Ratings.
The total volume of sukuk transactions in 2021 will likely climb to between $140 billion and $155 billion after falling year over year to $139.8 billion in 2020 from $167.3 billion in 2019, the rating agency said in a report. The drop in 2020 upended four years of annual growth from 2015 when total issuances amounted to $59 billion.
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