IslamicFinance.de

The Malaysian Islamic banking section of HSBC Holdings has tapped the Islamic bonds (sukuk) market last Friday, as part of a S$1.1 billion sukuk programme. According to Reuters, the bank planned to raise up to 500 million ringgit worth of sukuk, using an agency-based structure known as 'wakala'.
The transaction ist he first issuance of sukuk by HSBC Amanah Malaysia Berhad since October and September 2012. HSBC Amanah has appointed HSBC as lead arranger with Hong Leong Islamic Bank and Maybank Investment Bank as joint lead managers for the sale.