echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > International Chemical > Q1 syndicated loans in the MENA region grew nearly 150% to US$25.3 billion

    Q1 syndicated loans in the MENA region grew nearly 150% to US$25.3 billion

    • Last Update: 2023-01-03
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    After the pandemic began, syndicated loans in the Middle East and North Africa region (MENA) increased significantly, with issuance increasing by nearly 150% from $8.
    7 billion to $25.
    3 billion
    in the first quarter of 2021, Bloomberg said in a new report.

    Bonds and sukuk: MENA regional bonds and sukuk grew steadily in 2021, with first-quarter trading volumes up 100% to $41.
    1 billion, the highest level on record in the first quarter
    .
    The second highest volume on record was in the first quarter of 2019 with $35.
    9 billion.

    HSBC overtook Standard Chartered Bank as the top underwriter in the region during the quarter
    .
    Saudi Arabia is the largest issuer in the region, issuing about $7 billion worth of international bonds, or about 40%
    of total bond issuance in the region.

    Global sukuk and Islamic financing: Total issuance increased by 7.
    1%
    in the first quarter of this year compared to the first quarter of 2020.
    Emirates National Bank NBD has entered the top 10 banks as a manager, moving up 14 places
    .

    After the pandemic began, syndicated loans in the Middle East and North Africa region (MENA) increased significantly, with issuance increasing by nearly 150% from $8.
    7 billion to $25.
    3 billion
    in the first quarter of 2021, Bloomberg said in a new report.

    Bonds and sukuk: MENA regional bonds and sukuk grew steadily in 2021, with first-quarter trading volumes up 100% to $41.
    1 billion, the highest level on record in the first quarter
    .
    The second highest volume on record was in the first quarter of 2019 with $35.
    9 billion.

    HSBC overtook Standard Chartered Bank as the top underwriter in the region during the quarter
    .
    Saudi Arabia is the largest issuer in the region, issuing about $7 billion worth of international bonds, or about 40%
    of total bond issuance in the region.

    Global sukuk and Islamic financing: Total issuance increased by 7.
    1%
    in the first quarter of this year compared to the first quarter of 2020.
    Emirates National Bank NBD has entered the top 10 banks as a manager, moving up 14 places
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.