HSBC Middle East eyeing Islamic bond issue

Author: 
REUTERS
Publication Date: 
Tue, 2011-05-24 16:03

Investor meetings will take place in Singapore, Kuala Lumpur, Hong Kong and London, and a sukuk issue is likely to price this week, IFR, a Thomson Reuters unit reported.
In October, HSBC Middle East raised $500 million from a five-year bond issue.
Last week, Sharjah Islamic Bank and Islamic Development Bank (IDB) both issued sukuk, opening up the regional Islamic bond market which has been subdued for months.

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