MENA debt issuances nearly tripled in value year-on-year (YoY) during the first nine months of 2023 to $61.1 billion, according to data from the London Stock Exchange Group’s (LSEG) Deals Intelligence. However, this was below the value recorded for the previous five years.
The number of issues declined 3% over the same period.
Saudi Arabia was the most active issuer nation during the first nine months of 2023 accounting for 50% of total bond proceeds, followed by the United Arab Emirates (32%), and Bahrain (7%).
Financial issuers accounted for 44% of proceeds raised during the first nine months of 2023, while Government & Agencies accounted for 43%.
Source: Zawya
