Moody's - Global sovereign long-term sukuk issuance to grow modestly in 2020
Singapore, March 25, 2020 --
- Sovereign long-term sukuk issuance to edge up further in 2020, but lag growth in funding requirements
- Increasing share of financing needs to be met by sukuk issuance
Global sovereign long-term sukuk issuance will grow modestly this year, continuing the expansionary trend of the past few years, Moody's Investors Service said in a report published today.
Larger issuers are driving growth in overall volumes, even as some smaller issuers have not sought to refinance maturing repayments, leading to greater market concentration.
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