Bloomberg has published its H1 2019 EMEA Capital Markets Tables, representing the top arrangers, bookrunners and advisors across various deals including syndicated loans, bonds, equity and M&A transactions.
Key highlights for the Middle East and North Africa (Mena) region shows in syndicated loans, GCC-based borrower loans for H1 2019 totalled $30.85bn, a 41.1 percent decrease compared to H1 2018. The number of local banks in the top 10 GCC bookrunner ranking increased to five banks in H1 2019 from none in the same period last year.
The total number of international sukuk issued in H1 2019 totaled $13.86bn, which is a 22.9 percent increase compared to H1 2018. The number of local GCC banks in the top 5 international sukuk underwriters ranking increased to three banks in H1 2019 from one in same period last year.
In bonds and sukuk, total GCC volume decreased by 3.8 percent compared to H1 2018, down to $53.97bn. GCC conventional bond volume decreased by 5.8 percent while GCC sukuk volume increased by 8.8 percent compared to H1 2018. Standard Chartered Bank remained as the top GCC bonds and sukuk underwriter for H1 2019, after ending 2018 at the same position.
