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Islamic Finance Briefing - Categorized | Bonds (Sukuk), New Launches more

Kuwait’s KFH to issue Sukuk worth $1bln

Posted on 13 April 2011

Liquidity Management House, a unit of Kuwait Finance House (KFH) is in the process of issuing $1 billion in Islamic bonds, or sukuk. “The company is issuing Sukuk with a value up to $1 billion for three projects outside the local market … with a share of 10 percent, which is equivalent to $100 million,” Chairman Emad Al-Monayea said.
The issuance will be done through a consortium, he said. In March, KFH’s Turkish unit said it will launch a $500 million Islamic bond by the end of the year……………………………………….Full Article: Source

 
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