UK looks beyond October for sukuk, HSBC said to be in pole position for mandate

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UK looks beyond October for sukuk, HSBC said to be in pole position for mandate

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Mark Lakomcsik

The United Kingdom’s debut sukuk is unlikely to come before October, although the government plans to make an announcement on the deal before July, according to a source with knowledge of the situation. HSBC is frontrunner among banks to arrange the deal, added the source.

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