HONG KONG--The Hong Kong government plans to meet investors
worldwide next week for its first Islamic bond sale, the Hong Kong
Monetary Authority said in a statement Thursday.
The territory's government will meet investors in Asia, the
Middle East, Europe and the U.S., according to the statement. The
Islamic bond, or sukuk, will be denominated in U.S. dollars.
It has hired HSBC Holdings PLC and Standard Chartered PLC as
joint global coordinators, and these banks, together with CIMB and
National Bank of Abu Dhabi PJSC will be joint bookrunners of the
planned bond offering, the statement said.
The planned sukuk offering comes as global appetite for Islamic
bonds appears to be picking up, while Indonesia also plans to issue
US$1 billion worth of sukuk, after the U.K. government's sale of a
GBP200 million sukuk two months ago.
Write to Fiona Law at fiona.law@wsj.com
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