Tuesday 21 January 2020

UPDATE 1-Bahrain's GFH starts marketing dollar sukuk - Reuters

UPDATE 1-Bahrain's GFH starts marketing dollar sukuk - Reuters:

Bahrain-based GFH Financial Group started marketing on Tuesday five-year sukuk, or Islamic bonds, denominated in U.S. dollars, with a yield of around 7%, a document showed.


The debt sale is expected to close later on Tuesday.

The issuer is rated B by S&P and Fitch.

The sukuk will be of benchmark size, which generally means upwards of $500 million.

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