2014 sukuk bonds volume up 9.5% YTD globally to US$21.8 billion

Thanks a lot to Hong Kong.

Hong Kong raised US$1 billion in its debut Islamic bond issue bringing 2014 sukuk bonds volume globally to US$21.8 billion, up 9.5% YTD.

According to data from Thomson Reuters, the deal is the fourth largest Islamic bond this year.

Leading the deal are IDB Trust Services Ltd. from Saudi Arabia with US$1.5 billion; PPSI-III from Indonesia, with US$1.5 billion; and TNB Western Energy Berhad from Malaysia, with US$1.096 billion.

Meanwhile, data also show that the top issuer by nation in 2014 YTD is Malaysiam with 44 issues amounting to 57.6 market share and 2014 YTD proceeds of US$12.541 billion.