29
Fitch Ratings predicts that GCC banks would issue more dollar-denominated debt in the first quarter of 2024 than in any previous year, surpassing both the record-breaking $25.2 billion in 2020 and the entire year of 2023.
In the initial quarter of 2024, Gulf Cooperation Council (GCC) banks are poised to witness their most significant dollar-denominated debt issuance to date, outpacing the previous record set in 2020 at $25.2 billion, as indicated by Fitch Ratings.
The surge in debt offerings is attributed to robust investor confidence…
