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Sukuk Database

Sukuk.com is a leading provider of in-depth coverage of issued Sukuk covering information on Issuers and Arrangers, as well as detailed Sukuk information covering everything from Coupon Rate to Credit Rating as well as other supporting documentation.

Hong Kong Sukuk 2027

Summary
SPV Name:
Hong Kong Sukuk 2017 Limited 

Notes:
Order book of $1.72 billion. Following a global roadshow commencing on 13 February 2017, covering Riyadh, Jeddah, Dubai, Abu Dhabi, Kuala Lumpur, Singapore, Hong Kong and London, the Reg S USD Sukuk was priced on 21 February 2017 at 3.132% (68 basis points over 10-year US Treasuries). The deal attracted interest from a diverse group of conventional and Islamic investors.  Orders were received from over 88 global institutional investors, and 57% of the Sukuk was distributed to Asia, 25% to the Middle East and 18% to Europe.  By investor type, 53% was distributed to banks, 36% to fund managers, private banks and insurance companies, and 11% to sovereign wealth funds, central banks and supranationals.  The 10-year tenor has also attracted new investors, with over half of them not having participated in the previous issuances.the Sukuk uses a Wakalah structure, with one-third of assets underpinned by selected units in commercial properties in Hong Kong, and two-thirds of assets underpinned by shariah-compliant commodities. 


Profit rate:
3.132%
 
Download Documents:
 
Sukuk Details
Type:
Wakala 

Issue Size:
$1 billion 

Currency:
USD 

Maturity:
28 February 2027 

Country of Issue:
Hong Kong 

Tenor:
10 years 
Issue Date:
28 February 2017 
Sukuk Rating:
AAA (Standard & Poor’s Ratings), AA+ (Fitch) 
Exchanges:
Arrangers:
Advisors:
 
 
 
 

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