Cross-border corporate sukuk issuance will be significantly higher than the 2022 lows. Year-to-date cross-border issuance as of 19 May 2023 was $5.2 billion, around double the issuance volume in full-year 2022, and will likely grow further. The increase is driven by companies that postponed issuance last year, companies seeking to refinance near-term maturities, and first-time rated sukuk issuers looking to diversify funding sources. Companies in the Gulf Cooperation Council (GCC) and Malaysia (A3 stable) will account for most of the....