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GCC DCM sets new January record as funding peaks at over $1bln a day ahead of Ramadan
The GCC debt capital markets, led by Saudi Arabia, kicked off the year with their most bullish start yet by raising more than $30 billion in January, brushing off concerns over geopolitical standoffs. “Ten issuers in Saudi Arabia have already tapped the market in January for what is the highest month of supply from the kingdom ever, at an average of almost a billion a day. [...]