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Next were the KWD denominated paper with 20 issues raising USD5.8 billion; the SAR denominated issuances with 4 offerings raising USD1.9 billion; the USD with 4 issues raising USD728 million; and the MYR with 2 issues raising USD309 million. The USD and MYR issuances were placed during the 1st half of 2008. The particular second 1 / 2 of 2008, all the issuances were denominated in local GCC currencies: BHD, AED, KWD and SAR as appetite for USD denominated paper dried down.
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