| 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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