Egypt, WHO discuss enhancing pharmacovigilance systems to ensure drug, vaccine safety    Egypt, Morocco explore deeper industrial, transport cooperation    Egypt advances efforts to align with EU Carbon Border Mechanism to boost export competitiveness    EU warns China's rare earth curbs are a 'great risk', weighs response    Thailand, Cambodia to sign ceasefire in Malaysia with Trump in attendance    Steve Bannon claims 'plan' exists for Trump to serve a third term    President Al-Sisi closely follows up on Egypt–Saudi Arabia power interconnection project: Esmat    Egypt, Saudi Arabia discuss strengthening pharmaceutical cooperation    Al-Sisi reviews final preparations for Grand Egyptian Museum opening    EGX ends week in green area on 23 Oct.    Egypt's Curative Organisation, VACSERA sign deal to boost health, vaccine cooperation    Egypt joins EU's €95b Horizon Europe research, innovation programme    Egypt, EU sign €75m deal to boost local socio-economic reforms, services    Oil prices jump 3% on Thursday    Egypt, EU sign €4b deal for second phase of macro-financial assistance    Egypt steps up oversight of medical supplies in North Sinai    Egypt's East Port Said receives Qatari aid shipments for Gaza    Egypt to issue commemorative coins ahead of Grand Egyptian Museum opening    Omar Hisham announces launch of Egyptian junior and ladies' golf with 100 players from 15 nations    Egypt, Sudan discuss boosting health cooperation, supporting Sudan's medical system    Egyptian junior and ladies' golf open to be held in New Giza, offers EGP 1m in prizes    The Survivors of Nothingness — Part Two    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt launches official website for Grand Egyptian Museum ahead of November opening    The Survivors of Nothingness — Episode (I)    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt successfully hosts Egyptian Amateur Open golf championship with 19-nation turnout    Egypt will never relinquish historical Nile water rights, PM says    Al Ismaelia launches award-winning 'TamaraHaus' in Downtown Cairo revival    Al-Sisi, Burhan discuss efforts to end Sudan war, address Nile Dam dispute in Cairo talks    Egypt's Sisi warns against unilateral Nile actions, calls for global water cooperation    Egypt unearths New Kingdom military fortress on Horus's Way in Sinai    Syria releases preliminary results of first post-Assad parliament vote    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
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
Reuters Published in Ahram Online on 24 - 05 - 2011


@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.

Clic here to read the story from its source.