January 31, 2014 / 10:36 AM / 4 years ago

Britain appoints HSBC, Linklaters as advisors for government sukuk bond

LONDON, Jan 31 (Reuters) - Britain’s finance ministry said on Friday it has appointed HSBC and law firm Linklaters as advisors to assist in a planned issuance of a sukuk bond, part of the government’s plan to build up London as a centre for Islamic finance .

“It is anticipated that issuance will take place during 2014-15 by way of a syndicated offering. The government anticipates recruiting additional syndicate members closer to the time,” The Treasury said in a statement.

Prime Minister David Cameron said last year that the government was working on a plan to issue a sukuk worth around 200 million pounds ($329.94 million).

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