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HSBC expects record Sukuk mandates

Posted on 15 June 2011

Mohammad DawoodHSBC Amanah, HSBC Plc’s Islamic banking unit, expects to manage a record number of sukuk issuance mandates this year. “Our pipeline is very healthy indeed and we’ve seen a significant pickup in mandates. The year is not over in terms of new issuance and I think we’ll see more companies coming to the market with sukuk over the next four to five weeks,” said Mohammad Dawood, Head of Islamic Capital Markets at HSBC.
Global Islamic bond sales are up 24 per cent so far this year to $7.8 billion (Dh28.62 billion) from the same period last year as borrowing costs declined……………………………………….Full Article: Source

 
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