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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Performance more

HSBC beats CIMB as sukuk sales head for record

Posted on 27 June 2012

Rafe HaneefHSBC Bank Plc, which surpassed CIMB Group Holdings Bhd as the top Islamic bond arranger this year after dominating sales in the Persian Gulf, is predicting lower borrowing costs will drive record issuance in 2012.
Europe’s largest lender, the sole underwriter of Jeddah, Saudi Arabia-based General Authority of Civil Aviation’s US$4bil sukuk, handled 46 offerings worth US$7.2bil in 2012, a 35% market share, according to data compiled by Bloomberg………………………………………..Full Article: Source

 
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