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Staff Writer
Kuwait Finance House (KFH) priced its $1 billion five-year benchmark sukuk with the spread tightened to 85 basis points over US Treasures from initial price thoughts in the T+120bp area.
The coupon rate and yield were set at 4.563%, with a re-offer price at par.
The Islamic lender, rated A2 by Moody’s (stable outlook) and A by Fitch (stable outlook), saw its final orderbook cross $2.1 billion, excluding JLM interest.
The fixed rate senior unsecured Wakala / Murabaha structure will come under KFH’s $4 billion Trust Certificate…
