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Listed
Sukuk
Wakalah
Hong Kong SAR USD 1bn Sukuk 2029
Hong Kong SAR Government · Hong Kong
US dollar sukuk under Hong Kong's Government Bond Programme, one of the highest rated sukuk globally.
Key terms
- Issuer profile
- Hong Kong SAR Government
- ISIN
- XS2200123456
- Structure
- Wakalah
- Issue size
- $1B
- Ccy
- USD
- Minimum investment
- $200,000
- Payment frequency
- semi-annual
- Listing venue
- Hong Kong Stock Exchange
- Governing law
- English law
Pricing
- Profit rate
- 4.15% (fixed)
- Indicative price
- 98.50
- Yield to maturity
- 4.618%
- Spread
- 40 bps
- Ratings
- Aa3 / AA+
Key dates
- Issue date
- 4 Dec 2024
- Maturity date
- 4 Dec 2029
- Tenor
- 5 years
Shariah information
- Shariah advisor
- Shariah advisers to the programme
- AAOIFI aligned
- ✓
- Underlying asset
- Wakalah portfolio of government properties
- Use of proceeds
- General government purposes