SUKUK PIPELINE - Issue plans around the world
 

HONG LEONG ISLAMIC - Malaysia's Hong Leong Islamic Bank, a wholly owned unit of Hong Leong Bank, set up in late May an Islamic bond programme to raise as much as 1 billion ringgit ($310 million). SAUDI TELECOM - Saudi Telecom Co, the Gulf's largest telecommunications operator by market value, established in late May a 5 billion riyal ($1.33 billion) riyal-de**minated sukuk programme, which will conduct a local private placement. TUNISIA - Tunisia will sell its first sovereign Islamic bond in September after months of delays, raising $140 million, its finance minister said in mid-May. The ministry had previously planned a $500 million sukuk and gave ** reason for the reduction in size. IDB - The Islamic Development Bank plans to issue a benchmark-sized sukuk around May next year, close in size to a $1.5 billion, five-year sukuk which it issued in February this year, president Ahmad Mohamed Ali said.

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