Fitch Ratings: Formosa sukuk could help GCC issuers diversify funding
Fitch Ratings-Dubai/London-03 March 2020: The expansion of Taiwan's Formosa bond market to include sukuk instruments could help Gulf Cooperation Council (GCC) issuers, including Islamic banks, to diversify their funding and widen their investor pool without increasing currency risk, Fitch Ratings says.
The ability of GCC issuers to tap the Formosa market for sukuk could boost the overall global sukuk market, although it will take time for investor appetite to develop, and issuance is restricted to investment-grade issuers.
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