Whitepaper discusses MENA fixed income activity in 2018 and outlook for 2019
MENA fixed income instruments provided a relative oasis of calm against volatile market moves in 2018. MENA hard currency bond and Sukuk issuance reached USD 84 billion in 2018, with demand for new issues remaining high as regional debt was oversubscribed 2x -2.5x, according to a white paper by Emirates NBD Asset Management, KAMCO Investment Company and Fisch Asset Management. Investor appetite is likely to remain strong in 2019, as GCC bonds are included in the JP Morgan EMBI index series and regional governments sustain ambitious reform agendas. The co-authored paper, “MENA debt: an evolving world for fixed income investors”, provides an in-depth look at regional fixed income in 2018 and provides an outlook for 2019.
Download the paper here.