New Issue: Hong Kong prices $1 billion 2.005% five-year sukuk at par

By Christine Van Dusen

Atlanta, Sept. 10 – Hong Kong priced a $1 billion issue of Islamic bonds due in 2019 (Aa1/AAA/) at par to yield 2.005% on Wednesday, a market source said.

HSBC, Standard Chartered Bank, CIMB and National Bank of Abu Dhabi were the bookrunners for the Rule 144A and Regulation S sukuk.

Issuer:	Hong Kong
Amount:	$1 billion
Maturity:	2019
Description:	Sukuk
Bookrunners:	HSBC, Standard Chartered Bank, CIMB, National Bank of Abu Dhabi
Coupon:	2.005%
Price:	Par
Yield:	2.005%
Trade date:	Sept. 10
Expected ratings:	Moody’s: Aa1
	Standard & Poor’s: AAA
Distribution:	Rule 144A and Regulation S

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