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apple developer:UK to launch 5-year Islamic bond in coming weeks

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,LONDON, March 22 - Britain will launch a five-yearIslamic sukuk bond in the coming weeks, the United Kingdom DebtManagement Office said on Monday, following up on a previousfive-year issue which took place in 2014 and raised 200 millionpounds ($277 million). The DMO said HSBC, CIMB Investment Bank, Dubai Islamic Bank, Emirates NBD Capitaland Standard Chartered would act as jointlead managers for the syndication. Britain in June 2014 was the first Western country to launcha sukuk bond, as part of then-finance minister George Osborne'sefforts to make London a hub for Islamic finance. REUTERS
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