HSBC announced that it has completed the first ever government guaranteed Sukuk in Saudi Arabia for Saudi Arabia’s General Authority of Civil Aviation ‘GACA’. Raising SR15bn ($4bn) for GACA, the Sukuk achieved a profit rate of 2.5%.
HSBC acted in sole capacity as Lead Manager and Bookrunner, Sukuk Arranger, Shari’ah Coordinator, Sukuk Holders’ Agent, and Payment Administrator………………………………………..Full Article: Source