(MENAFN) Hong Kong was allowed by lawmakers to pass a bill that is expected to raise around USD500 million for the AAA-rated government via sukuk, according to Arabian Business
Issuing these sukuk will help increase Hong Kong's Islamic finance credentials with investors in the Gulf and Southeast Asia
These sukuk will be issued under the territory's Government Bond Program of a borrowing ceiling of USD25.8 billion
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.