| Issuance of Islamic bonds will be stimulated by a tightening of yields versus conventional bonds as banks chase a finite amount of quality sukuk instruments, HSBC's Islamic arm Amanah said on Tuesday.
HSBC has previously forecast global sukuk volume of $44 billion in 2012, up from $26.5 billion last year. Malaysia is expected to continue to dominate issuance with about 60 percent of the total; Malaysian toll expressway company PLUS Berhad conducted a $10 billion sukuk issue in January...............................................Full Article: Source
|