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1023 Growpnt

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Share Name Share Symbol Market Type Share ISIN Share Description
Growpnt LSE:1023 London Ordinary Share ZAE000037669 GROWTHPOINT PROP LTD
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Hong Kong Government Meeting Investors for Sukuk Offering

28/08/2014 12:19pm

Dow Jones News


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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

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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