27.06.2012 - HSBC beats CIMB as sukuk sales head for record
HSBC 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. Europeís largest lender, the sole underwriter of Jeddah, Saudi Arabia-based General Authority of Civil Aviationís 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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