DMO SCREEN ANNOUNCEMENT ON BEHALF OF HM TREASURY
UK GOVERNMENT’S PLANNED SECOND ISSUE OF SOVEREIGN SUKUK: APPOINTMENT OF SYNDICATE
The UK Debt Management Office (“DMO”), on behalf of HM Treasury, is right this moment asserting the UK’s draw to self-discipline the UK’s 2nd sovereign Sukuk within the arrival weeks, self-discipline to market prerequisites.
The UK sovereign Sukuk can private a long 5-year final maturity and, as with the famous self-discipline, will expend the typically primitive Al-Ijara structure.
The DMO is additionally asserting right this moment the appointment of a syndicate of four further Joint Lead Managers (to impress up for HSBC, the appointed Structuring Advisor) to raise the planned sale of UK sovereign Sukuk. The Joint Lead Managers being offered right this moment, apart from to HSBC, are:
• CIMB Funding Bank
• Dubai Islamic Bank
• Emirates NBD Capital
• Usual Chartered Bank
Four banks private additionally been appointed as Co-Lead Managers: Bank ABC, Dukhan Bank, KFH Capital and Maybank.
Further crucial factors of the transaction will most most likely be offered in due course by the DMO, acting on behalf of HM Treasury, and the Joint Lead Managers.
22 March 2021
Class Code: IOD
Sequence Number: 733246
Time of Receipt (offset from UTC): 20210322T101526+0000