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#Kuwait International Bank starts marketing $300mln #sukuk

Wed, 2019-05-29 12:00 — newsdesk

Kuwait International Bank started marketing $300 million perpetual sukuk to boost its tier 1 capital, with a yield of around 6.25%. Perpetual bonds mimic some of the characteristics of equity because they lack a maturity date. Citigroup, Dubai Islamic Bank, First Abu Dhabi Bank, KAMCO Investment Co, KFH Capital Investment Company, and Standard Chartered Bank have been hired to lead the transaction.

Source: 

https://www.zawya.com/mena/en/markets/story/Kuwait_International_Bank_st...