Royal Bank of Scotland Group Plc (RBS) Malaysia country executive and head of international banking for Malaysia and Indonesia, Andrew M. Sill, said the British lender has in the pipeline “at least four to six” sizeable ringgit-denominated Islamic bond (sukuk) issuance by financial institutions and companies from Central Asia and Europe this year, of which “one or two could be announced relatively soon”.
Commenting of the size of the sukuk issues, he said they are not expected to surpass that of Hong Leong Bank’s US$300 million five-year corporate bond that RBS undertook last month………………………………………..Full Article: Source