Middle East debt issuances nearly triple in Q1 2023 as Saudis take lead
In Q1 of 2023, Saudi Arabia was the leading debt issuer in the MENA region.
Middle East and North Africa (MENA) debt issuances nearly tripled year-on-year from January to March 2023 to $26.9 billion compared to the previous quarter, marking the highest start to a year by proceeds since 2011.
This is a major shift since last year’s total of $37.3 billion, the lowest full-year amount since 2011, according to American-British financial data company Refinitv.
In Q1 of 2023, Saudi Arabia was the leading debt issuer in the MENA region.
Here are the largest MENA debt issuers based on total bond proceeds in Q1 2023:
