Kuwait International Bank raises $500mln 5-year benchmark sukuk at par
Kuwait International Bank raised $500 million via a five-year benchmark-sized sukuk priced at par. The fixed-rate coupon is 5.502%, paid semi-annually, with a 5.502% yield and a reoffer spread of T+95bps.
By Staff WriterKuwait International Bank has raised $500 million from a five-year benchmark-sized sukuk priced at par, with a 5.502% fixed-rate coupon paid semi-annually.The wakala and murabaha issuance has a 5.502% yield, with a reoffer spread of T+95bps.IPTs for the senior unsecured sukuk were in…