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Hong Kong talks dollar five-year sukuk at Treasuries plus 35-40 bps
By Christine Van Dusen
Atlanta, May 27 – Hong Kong set initial talk at Treasuries plus 35 basis points to 40 bps for a dollar-denominated offering of benchmark-sized Islamic bonds due in five years (expected ratings: Aa1/AAA), a market source said.
HSBC and Standard Chartered Bank are the joint global coordinators for the Regulation S deal. CIMB and National Bank of Abu Dhabi are the other joint bookrunners.
The notes could price as soon as Wednesday.
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