Hong Kong to hold roadshows for first sukuk issue next week
Hong Kong's government will hold investor meetings next week for its maiden Islamic bond issue. A meeting will be held in Hong Kong on Monday before one in Singapore on Tuesday, Kuala Lumpur on Wednesday and meetings in Dubai, Doha, Abu Dhabi and London on Thursday. The AAA-rated government earlier mandated HSBC, Standard Chartered, CIMB Group Holdings and National Bank of Abu Dhabi to arrange the issue. The sukuk ijara issue is expected to be listed on the Hong Kong, Malaysia and Dubai bourses. The sukuk is expected to be denominated in U.S. dollars and have a tenor of five years. Officials have previously said issuance size is expected to be about US$500 million to US$1 billion.
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