HONG KONG: The Government of Hong Kong, rated Aa1/AAA/AA+, has hired banks to arrange fixed income meetings ahead of a potential US dollar sukuk offering. Investor meetings will be held in Asia, the Middle East and Europe from February 13. HSBC and Standard Chartered are joint global coordinators. They are also joint bookrunners with CIMB and National Bank of Abu Dhabi.
Hong Kong sold a $1 billion five-year sukuk at a spread of 35bp over US Treasuries in an earlier visit to the market in May 2015.
