Last year, global sukuk issuance fell short of market expectations, although it was higher than in 2015.
The proceeds of HSBC’s first-ever green bond have been allocated to support renewable energy, energy efficiency and waste management projects in 10 countries.
Green projects in the Czech Republic, France, Germany, Greece, Ireland, Italy, South Africa, Spain, Turkey and the UK will benefit.
With the world still coming to terms with a major reformulation of the political order in Europe, and preparing for what promise to be unpredictable electoral contests in Germany and the US - investors currently face an uncertain world. Increasingly frequent terror attacks in Europe and elsewhere are fueling a rise in right-wing populism and protectionism that threatens to destabilise the global economic order.