The number and value of international bonds issued from the Middle East could jump in 2016 as borrowers, including governments and banks, arrange new funding in the face of falling oil prices, according to bankers in the region.

Mustafa Aziz Ata, head of debt capital markets for the Middle East and North Africa at HSBC, said he expects to see "an uptick in the volume and the value of deals" from the Middle East during 2016, with a growing variety of borrowers coming into the market.