Gulf Investment Corporation GSC
Gulf Investment Corporation GSC, Kuwait issues MYR750 million (USD253 million) Five Year Sukuk under its 20-year MYR3.5 billion
Fri, 2011-08-05 10:00 — newsdeskGulf Investment Corporation GSC, Kuwait (“GIC”) launched on 3 August 2011 MYR750 million (USD253 million) under its existing 20year MYR3.5 billion (USD1.18 billion) Sukuk Wakalah bi Istithmar Medium Term Notes Programme (the “GIC Sukuk”).
The GIC Sukuk will authorize GIC to tap the Malaysian capital markets for long-dated funding and boost its asset-liability management, thereby mitigating and interest rate risks.
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