Hong Kong government announced the successful offering of its $1 billion Sukuk to global investors, with 36% of the Sukuk distributed to the Middle East investors.
Following a global roadshow commencing 1 September 2014, covering Riyadh, Dubai, Abu Dhabi, Doha, Kuala Lumpur, Hong Kong, Singapore, London and New York, the Sukuk (a form of Islamic Bond) was allocated to over 120 global institutional investors. (In Dubai the Sukuk is expected to be listed on NASDAQ Dubai). The Sukuk saw strong demand from global investors, attracting orders exceeding $4.7 billion and recording over-subscription of 4.7 times.
To see listing and contact emails of institutional investors from the Middle East, check our 2014 edition of Middle East Investors Directory
More details follows from the Hong Kong Monetary Authority