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GCC Fixed Income

Text-light reports on GCC credit rating and GCC fixed income market

The following reports provide an overview/comparison of the credit quality of the main issuers in the GCC region, including comprehensive lists of credit ratings from the three leading rating agencies – Moody’s, S&P and Fitch – to serve as a reference document when dealing with GCC fixed income instruments.

Chart books for the GCC fixed income market provide an overview of the spread performance in this market; Primary Market issuance (and performance of these deals since they were printed); as well as Secondary Market performance of key instruments.
 

GCC Fixed Income Establishing solid foundations for 2019

23 January 2019

The GCC fixed income market has experienced a solid start to 2019, both in terms of primary and secondary market performance. We expect this trend to continue as global macro uncertainties further highlight and enhance the relative value appeal of the GCC asset class’ strong underlying fundamentals, making an interesting and compelling case for continued capital investment flows in favour of this region and asset class.

Simon Ballard
Exec. Director & Macro Strategist

Rakesh Sahu,
Analyst – Market Insights & Strategy

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GCC Fixed Income Chart Book: FY 2019

10 January 2019

Our full year review of the GCC bond and sukuk markets provides a quick snapshot of new issuance, secondary market performance, and some key stories - all in a chart book format.

Chavan Bhogaita, Head of Market Insights & Strategy
Rakesh Sahu, Analyst – Market Insights & Strategy

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KSA first off the line in 2019!

9 January 2019

The Kingdom of Saudi Arabia recently announced a new dual tranche US$ transaction.
In this report you will find our initial thoughts on the deal, which represents the inaugural GCC Eurobond offering of 2019.

Chavan Bhogaita, Head of Market Insights & Strategy
Rakesh Sahu, Analyst, Market Insights & Strategy

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GCC Fixed Income Chart Book: 9M 2018

17 October 2018

Our quarterly review of GCC bond and sukuk markets provides a quick snapshot of new issuance, secondary market performance, and some key stories such as the Bahrain sovereign situation - all in a chart book format.

Rakesh Sahu, Analyst, Market Insights & Strategy
Chavan Bhogaita, Head of Market Insights & Strategy
 

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Opportunities in the GCC bonds market

GCC Fixed Income Market - 01 August 2018

As GCC member states continue their economic diversification away from petrochemicals, so the region has emerged as an active issuer in the international bond markets. In a recent interview with Thomson Reuters television, Chavan Bhogaita, head of Market Insights & Strategy, discusses this funding evolution as well our thoughts on the current pressures surrounding Bahrain and, finally, the macro fundamental outlook for bond issuance in the GCC region.

watch the Video

GCC Fixed Income - 1H 2018 Chart book

04 July 2018

Our quarterly review of GCC bond and sukuk markets provides a quick snapshot of new issuance, secondary market performance, and some key stories such as the Bahrain sovereign situation - all in a chart book format.

Rakesh Sahu, Analyst, Market Insights & Strategy
Chavan Bhogaita, Head of Market Insights & Strategy
 

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The GCC - Facts & Figures

06 June 2018

In this report FAB’s Market Insights & Strategy team provide a very simple overview of the Gulf Cooperation Council (GCC) from a macro and markets perspective. The report covers an economic snapshot of the region, our outlook on oil, and a summary of the GCC FX and rates market.

Glenn Wepener, Geopolitical Analyst, Market Insights & Strategy, FAB Global Markets
Simon Ballard, Macro Strategist, Market Insights & Strategy, FAB Global Markets
Mohamed Al Shamsi, Analyst, Market Insights & Strategy, FAB Global Markets
Rakesh Sahu, Analyst, Market Insights & Strategy, FAB Global Markets

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GCC Fixed Income Chart Book: Q1 2018 Review

11 April 2018

GCC bond and sukuk markets have been very active indeed over Q1 2018, especially with new issues coming from issuers in this region, and this momentum looks set to continue into Q2. In this report our Market Insights & Strategy team provide a quick overview of the market and our thoughts on some of the key drivers.

Rakesh Sahu – Analyst, Market Insights & Strategy
Chavan Bhogaita, MD & Head of Market Insights & Strategy

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Sharjah in Eurobond market for a 10-year sukuk deal

GCC Fixed Income Market – 06 March 2018

Having been away from the primary market for almost a year, the Emirate of Sharjah is currently marketing a 10-year sukuk transaction. FAB’s market insights team provides some initial thoughts on this deal in this report

Chavan Bhogaita, Head of Market Insights & Strategy
Rakesh Sahu, Analyst, Market Insights & Strategy

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GCC Fixed Income Chart Book: Q4 2017 Review

09 January 2018

FAB’s Market Insights team published their quarterly review of GCC bond and sukuk markets for Q4 2017

Chavan Bhogaita, Head of Market Insights & Strategy
Rakesh Sahu, Analyst – Market Insights & Strategy

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Saudi Arabia to Print Debut US$ Sukuk

04 April 2017

Following on from the record-breaking bond issue last October, the Kingdom of Saudi Arabia is back in the market this time looking to print a sukuk transaction. In the attached report NBAD’s Market Insights & Strategy team provides some initial thoughts on pricing and relative value. Watch this space for further updates.

Chavan Bhogaita, Head of Market Insights & Strategy
Rakesh Sahu, Analyst – Market Insights & Strategy

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Oman Markets Its Debut US$ Sukuk Issue

Hot Topics – 23 May 2017

Following on from its successful bond issue in March, the Sultanate of Oman is now back in the debt capital market – this time selling a debut 7-year sukuk transaction. NBAD’s Market Insights team has published its initial thoughts and relative value analysis in the attached document

Chavan Bhogaita, Head of Market Insights & Strategy
Rakesh Sahu, Analyst – Market Insights & Strategy

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GCC Fixed Income Reports