This image will be automatically disabled when it gets reported by several people.
HSBC Middle East eyeing Islamic bonds Bank is currently meeting investors in London and Far East and likely to issue 'sukuk' this week, says a business report
@font-face { font-family: "Times"; }@font-face { font-family: "MS 明朝"; }@font-face { font-family: "Cambria Math"; }@font-face { font-family: "Cambria"; }p.MsoNormal, li.MsoNormal, div.MsoNormal { margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: Cambria; }a:link, span.MsoHyperlink { color: blue; text-decoration: underline; }a:visited, span.MsoHyperlinkFollowed { color: purple; text-decoration: underline; }p { margin-right: 0in; margin-left: 0in; font-size: 10pt; font-family: Times; }.MsoChpDefault { font-family: Cambria; }div.WordSection1 { page: WordSection1; } HSBC Middle East, a subsidiary of the UK headquartered ban, will meet investors in Asia and Europe this week ahead of a potential Islamic bond, or sukuk, issue, IFR Markets reported. 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.