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Sukuk Database

Sukuk.com is a leading provider of in-depth coverage of issued Sukuk covering information on Issuers and Arrangers, as well as detailed Sukuk information covering everything from Coupon Rate to Credit Rating as well as other supporting documentation.

Hong Kong Sukuk 2020

Summary
SPV Name:
Hong Kong Sukuk 2015 Limited 

Notes:
The Sukuk uses Wakalah structure, where one-third of assets underpinned by selected units in an office building in Hong Kong, and two-third of the assets underpinned by shariah-compliant commodities. Hong Kong is the first AAA-government sukuk issuer to adopt a Wakalah structure. Orders of US$2 billion, which was 2 times the issuance size. Orders were received from 49 global institutional investors, and 42% of the Sukuk were distributed to the Middle East, 43% to Asia and 15% to Europe. By investor type, 77% was distributed to banks, private banks and fund managers, and 23% to sovereign wealth funds, central banks and supranationals. 


Profit rate:
1.894%
 
Download Documents:
 
Sukuk Details
Type:
Wakala 

Issue Size:
$1 billion 

Currency:
USD 

Maturity:
03 June 2020 

Country of Issue:
Hong Kong 

Tenor:
5 Years 
Issue Date:
03 June 2015 
Sukuk Rating:
S&P: AAA, Moodys: Aa1 
Exchanges:
Arrangers:
Advisors:
 
 
 

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