Kuwait Finance House appoints banks to issue sukuk


KUWAIT (Reuters) – A document seen by Reuters on Monday stated that Kuwait Finance House KFH Capital and Standard Chartered have appointed global coordinators for the planned issuance of additional non-callable Level 1 dollar-denominated sukuk five and a half years ago.
In addition to KFH Capital and Standard Chartered, Boubyan Bank, Dubai Islamic Bank, Dukhan Bank, Emirates NBD, First Abu Dhabi Bank and Mizuho Securities, will arrange calls with investors in fixed income instruments starting today, according to the document issued by one of the banks.
This will be followed by the issuance of additional Tier 1 Sukuk, according to market conditions. Additional Tier 1 bonds are among the riskiest debt instruments that banks can issue, and they are permanent in nature, but issuers can call them up after a specified period.


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