SUKUK PIPELINE - Issue plans around the world

The Thomson Reuters Global Sukuk Index is at 116.80989 points, down from 117.25342 at the end of last month but up from 115.79726 at the end of last year. The Thomson Reuters Investment Grade Sukuk Index is at 114.94150 points against 115.35741 at end-November and 113.69014 at end-2014. Some of the sukuk in the pipeline are: Singapore's Vallianz Holdings said that a subsidiary would refinance loans with a Saudi riyal-denominated sukuk issue of up to 1.1 billion riyals ($293 million). Malaysia's Wego Sdn Bhd proposed a sukuk musharaka issue of up to 210 million ringgit ($49 million). Indonesian airline Garuda intends to raise $500 million through selling global bonds or sukuk next year to refinance debt.