Hong Kong extends sukuk yield curve to 10 years

The city becomes the first Asian sovereign issuer this year to sell an Islamic bond.

Hong Kong extends sukuk yield curve to 10 years

The Hong Kong Special Administrative Region became the first Asian sovereign this year to sell US dollar-denominated debt that adheres to Islamic law after it raised $1 billion via a 10-year sukuk on Tuesday. 

It is the Hong Kong government's third foray into the emerging Islamic bond market and extends the issuer’s yield curve to 10 years from five years. Hong Kong SAR issued an inaugural $1 billion five-year note in 2014 and...

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