01.07.2010 - HSBC takes top spot from CIMB in Sukuk sales
From Bloomberg: HSBC Holdings Plc is overtaking CIMB Group Holdings Bhd. as the top underwriter of Islamic bonds as sales from the Gulf pick up and corporate issuance from Malaysia, the biggest market for the debt, declines. HSBC, Europeís biggest lender by market value, arranged $1.6 billion of global sukuk so far in 2010, about 25 percent of the total, led by Saudi Electricity Co.ís issuance in May, according to data compiled by Bloomberg. CIMB Group, Malaysiaís second-largest banking group, led $1.4 billion of sales of debt that complies with the religionís ban on interest. Last year, CIMB was the top underwriter, managing $4.4 billion of offerings..............................................Full Article: Source
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