Kuwait’s Boubyan Bank gets $4.59 bln of orders as it issues $750 mln sukuk
Boubyan Bank on Wednesday (Feb 12) issued a sukuk of $750 million, the company said in a statement filed with Boursa Kuwait.
The 5-year wakalah/murabahah sukuk was oversubscribed by 6.12 times and attracted demand of $4.59 billion, said the bank.
The senior unsecured sukuk sold for a coupon rate of 2.593% and will be listed on Euronext Dublin.
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