Hong Kong readies for investor meetings for second Sovereign Sukuk

The Government of the Hong Kong has begun investor meetings for the issuance of its second Sukuk.

Following the successful issuance in 2014 of a five year $1Bn Sukuk which attained an order book of $4.7Bn. The AA stable (S&P) / Aa1 stable (Moody’s) / AA+ stable (Fitch) Government of the Hong Kong Special Administrative Region of the People’s Republic of China (HKSAR) will begin investor meetings on 18 May.

Meetings will be held in the UK, Saudi Arabia, UAE and Malaysia.

Hong Kong has mandated HSBC and Standard Chartered as Joint Global Coordinators, Joint Lead Managers and Joint Bookrunners, and CIMB and National Bank of Abu Dhabi PJSC as Joint Lead Managers and Joint Bookrunners.

The Hong Kong Monetary Authority is acting as the HKSAR Government’s representative in the Sukuk offering.