OPENING BELL
News That Made Headlines
GCC debt issuances
could crowd out
private borrowers
6
GCC governments are expected to raise
between $285-390 billion cumulatively
through 2020 through local and
international bonds and the new debt
issuances by the GCC government could
usher in a new era for GCC fixed income
markets, according to a presentation
by Kuwait Financial Centre “Markaz” on
“Forecasting Sovereign Debt Issuances in
GCC” in collaboration with Kuwait Banking
Association. The challenging environment
posed by lower oil prices should be
converted int