IslamicFinance.de

The RHB Banking Group is keen to participate in more global sukuk issuance after making significant inroads in the market via its units, RHB Islamic Bank Bhd and RHB Investment Bank Bhd (RHBIB), in recent global transactions. Yesterday, RHBIB co-managed the Government of Hong Kong SAR of the People's Republic of China's inaugural US$1 billion sukuk issuance which also marks the world's first US dollar-denominated sukuk originated by a AAA-rated government. RHBIB meanwhile was lead manager cum underwriter to IDB Trust Services Ltd's recent 5-year US$1.5 billion sukuk issuance under its US$10 billion (RM32 billion) sukuk programme guaranteed by the Saudi based Islamic Development Bank.