September 17, 2019 / 5:33 AM / 3 months ago

Kuwait's Warba Bank plans to issue benchmark sukuk - document

RIYADH, Sept 17 (Reuters) - Kuwait’s Warba Bank plans to issue a U.S. dollar denominated, five-year Islamic bond, known as a sukuk, according to a document reviewed by Reuters.

The benchmark size sukuk have an initial guidance of around 165 basis points over mid-swaps.

Reporting by Davide Barbuscia; writing by Alexander Cornwell; editing by Christian Schmollinger

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