SUKUK PIPELINE - Issue plans around the world

DUBAI, May 17 (Reuters) - Following are major Islamic bond issues in the global pipeline.

The Thomson Reuters Global Sukuk Index is at 118.28847 points, down from 118.50812 at the end of last month but up from 115.79726 at the end of last year. The Thomson Reuters Investment Grade Sukuk Index is at 117.13915 against 117.54139 at end-April and 113.69014 at end-2014.

HONG KONG - The government of Hong Kong hired four banks for a possible offer of U.S. dollar Reg S-only sukuk, its second sovereign sukuk issue, bankers said in mid-May.

OMAN - Oman plans to sell its first sovereign Islamic bond, an issue of 200 million rials ($520 million) of sukuk, through a private placement and will launch subscriptions soon, an Omani official was quoted as saying in mid-May by the Times of Oman.

AEON CREDIT - Malaysia's Aeon Credit Service said in mid-May it planned to raise 1 billion ringgit ($276.6 million) via sukuk murabaha for working capital, repayment of debt and financing for customers.

SABB - Saudi British Bank plans a riyal-denominated sukuk issue that will boost its capital reserves, sources aware of the matter told Reuters in early May, with an announcement set to be made as soon as within days.

NAJRAN CEMENT - Saudi Arabia's Najran Cement planned to meet fixed income investors starting on May 10 for a riyal-denominated sukuk issue, it said.

BAHRI - National Shipping Company of Saudi Arabia (Bahri) plans to make a debut sukuk issue worth up to 3.9 billion riyals ($1.04 billion) this quarter, vice chief executive for finance Mohammad Alotaibi told Reuters in early May.

INDONESIA - Indonesia's government mandated CIMB, Dubai Islamic Bank, HSBC and JP Morgan in early May as joint lead managers for a potential offer of 144A/Reg S sukuk, expected to be denominated in U.S. dollars.

JAMBATAN KEDUA - Refinancings of transportation projects in Malaysia's sukuk market are expected to roll out as early as in May with Jambatan Kedua, concessionaire for a Penang bridge, planning to issue sukuk worth 1-1.8 billion ringgit, bankers said.

EGYPT - Egyptian Finance Minister Hany Kadry Dimian said at the end of April that he hoped to issue ijara-structured sukuk, the country's first sovereign sukuk issue, at the beginning of the 2015/2016 fiscal year starting in July.

KUVEYT TURK - Kuveyt Turk, Kuwait Finance House's Turkish unit, said in late April it had applied to the Capital Markets Board for permission to issue up to 1 billion lira ($376 million) of sukuk.

IVORY COAST - Ivory Coast will sell its debut sukuk in the next two to three months, and is assessing whether to make sukuk issues a regular part of fund raising, its minister for economy and finance said in late April.

CIMB - CIMB Group Holdings, Malaysia's second largest bank by assets, plans to establish a new 6 billion ringgit conventional and Islamic bond programme, a regulatory filing by RAM Ratings said in late April. A CIMB official confirmed the details.

TELEKOM MALAYSIA - Telekom Malaysia set up in late April a $750 million, multi-currency sukuk programme that may see the state-owned company return to global markets after a long absence.

KHAZANAH NASIONAL - Malaysia's Khazanah Nasional plans the first tranche of a 1 billion ringgit sukuk issue, billed as the country's first socially responsible sukuk, as early as May, the sovereign wealth fund's managing director said in late April.

KUALA LUMPUR KEPONG - Malaysian plantation company Kuala Lumpur Kepong will raise up to 1.6 billion ringgit from Islamic bonds, rating agency RAM Ratings said in mid-April.

MALAYSIA BUILDING SOCIETY - Malaysia Building Society plans its third issue of covered sukuk worth 900 million ringgit, according to a regulatory filing by RAM Ratings in mid-April.

BNI SYARIAH - PT Bank BNI Syariah, the Islamic subsidiary of state lender PT Bank Negara Indonesia, plans to issue sukuk mudaraba with a three-year tenor worth up to 750 billion rupiah ($58.3 million) in an offer on May 18 and 19, the Jakarta Post quoted CEO Dinno Indiano as saying in mid-April.

JORDAN - Jordan chose the Islamic Corporation for the Development of the Private Sector to support its debut sovereign issue of sukuk, the ICD said in mid-April; the dinar-denominated issue is expected this year and would be used to absorb excess liquidity held by Jordan's Islamic banks, which is estimated to total 1.4 billion dinars ($2 billion).

AXIS REIT - Malaysia's Axis REIT said in early April that it had expanded its sukuk programme to 3.0 billion ringgit from 300 million ringgit, and extended the length to perpetual from 15 years.

TALIWORKS - Malaysia's Taliworks Corp announced in early April that the Securities Commission had authorised its proposed issuance of 210 million ringgit worth of sukuk murabaha, Bernama news agency reported.

KAZAKHSTAN - Kazakhstan's Finance Ministry is expected soon to propose a draft law allowing its first sovereign sukuk issue, which will probably take place early next year, Yerlan Baidaulet, an adviser to the Investments and Development Ministry, told Reuters in early April.

SENEGAL - Senegalese President Macky Sall said in early April that he had asked the Islamic Development Bank to help his country conduct a second sovereign sukuk issue. He gave no details.

GARUDA - Indonesian flag carrier Garuda Indonesia plans to issue $500 million worth of sukuk in May to refinance $350 million in loans maturing in June, the Investor Daily reported in late March, quoting Garuda's finance director I Gusti Ngurah Askhara Danadiputra.

OMANTEL - Oman Telecommunications

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