Friday 21 November 2014

Bahrain’s Mumtalakat prices $600m sukuk

Bahrain’s Mumtalakat prices $600m sukuk:



"Bahrain Mumtalakat Holding Company has successfully priced a $600 million seven-year sukuk with a four per cent profit rate.



Mumtalakat is rated BBB (stable) by both Fitch and Standard & Poor’s, said a report in the Gulf Daily News (GDN), our sister publication.



The transaction represents Mumtalakat's first dollar sukuk issuance and was executed as a drawdown under its recently established $1,000 million Regulation S Multicurrency Trust Certificate Issuance Programme which is listed on the Irish Stock Exchange."



'via Blog this'

No comments:

Post a Comment