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Best mortgage deals of the week

As possibility of multiple interest rate cuts dwindle here's what banks and building societies are offering

Hong Kong opens books on first Islamic bond

Reuters - UK Focus

By Lianting Tu

Sept 10 (IFR) - Hong Kong is to launch its first Islamic bond as early as today after opening books on a US dollar five-year deal this morning.

The global sukuk will raise up to US$1 billion and will offer investors around 30bp over five-year US Treasuries, according to a term sheet.

CIMB, HSBC, National Bank (NYSE: NBHC - news) of Abu Dhabi and Standard Chartered Bank are running the deal. (Reporting By Lianting Tu. Editing By Steve Garton)