null Sukuk Sales Hit Record as Issuers and Investors Shun Volatility
Sukuk Sales Hit Record as Issuers and Investors Shun Volatility
16 Apr 2021 | Friday Source: Bloomberg
Sukuk issuers are flocking to the market at a record rate, and volatile Treasury rates may drive even more borrowers toward the asset class this year.
Global borrowers have issued more than $23 billion of Sharia-compliant debt in 2021, the fastest start to a year on record, according to data compiled by Bloomberg. Financial institutions sold more than two-thirds of the debt, Malayan Banking Berhad managed the most deals and the Saudi-based Islamic Development Bank was the biggest issuer.
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