Banks rumoured for Hong Kong debut sukuk, deal expected 'soon'

Hong Kong
By GlobalCapital
03 Jul 2014

Hong Kong's debut sukuk may have moved a step closer to reality, with market sources telling GlobalCapital Asia that banks have been mandated for the deal. At least four of the five banks that have just worked on the UK's £200m sukuk are thought to have been appointed, although no official mandate has been announced.

The four banks that are rumoured to be lined up are HSBC, Standard Chartered, CIMB and National Bank of Abu Dhabi. Bankers at those firms would not comment. The Hong Kong Monetary Authority (HKMA), which would be responsible for organising any issue, could not be reached on Thursday ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial