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Kuwait's Ahli United Bank launches $200 mln perpetual sukuk issue
October 18, 2016 / 10:11 AM / in a year

Kuwait's Ahli United Bank launches $200 mln perpetual sukuk issue

DUBAI, Oct 18 (Reuters) - Ahli United Bank of Kuwait launched a $200 million, non-call five perpetual sukuk issue with a reoffer yield of 5.50 percent, a document from lead arrangers showed on Tuesday.

The subordinated sukuk were launched at the tight end of guidance of 5.50-5.625 percent; initial price thoughts were 5.75 percent. Citi, Credit Agricole and Credit Suisse are joint bookrunners. (Reporting by Umesh Desai; Writing by Andrew Torchia)

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