Thursday 20, March 2014 by Robin Amlôt

Hong Kong prepares for inaugural Sukuk issuance

The Legislative Council of Hong Kong SAR has outlined proposals for an inaugural sukuk issuance totalling around $500 million or more. While conventional bonds issued under Hong Kong’s Government Borrowing Programme are denominated in Hong Kong dollars (HKD), the administration will make reference to international practice in deciding whether  the inaugural sukuk issuance should be denominated in HKD or USD.

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