HSBC sees strong pipeline for Islamic bonds in 2011

HSBC is searching for mandates for Islamic bond issuance in 2011 that are above pre-crisis levels, with at least one more sukuk expected to come to market before mid-July.
Mohammed Dawood, managing director of global capital financing at HSBC, stated that debt capital markets have experienced a comeback in recent months, as the cost of borrowing came down and liquidity levels for Islamic bonds reached the highest level they have seen been in four or five years.