Hong Kong Sukuk 2017 Limited 

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. 

3.132%

Offering Circular, 

Wakala 

$1 billion 

USD 

28 February 2027 

Hong Kong 

10 years 

28 February 2017 

AAA (Standard & Poor’s Ratings), AA+ (Fitch) 

Hong Kong Stock Exchange ,  

CIMB Islamic ,  HSBC ,  National Bank of Abu Dhabi ,  Standard Chartered ,