Kuwait's Warba Bank hires banks for dollar sukuk

Kuwait's Warba Bank has hired banks to arrange fixed income investor meetings ahead of a potential sale of five-year U.S. dollar denominated sukuk, or Islamic bonds, a document issued by one of the banks showed.

DUBAI, Sept 10 (Reuters) - Kuwait's Warba Bank has hired banks to arrange fixed income investor meetings ahead of a potential sale of five-year U.S. dollar denominated sukuk, or Islamic bonds, a document issued by one of the banks showed.

BNP Paribas, Emirates NBD Capital, and Standard Chartered were hired as joint global coordinators. Other banks on the deal are Abu Dhabi Islamic Bank, Bank ABC, Dubai Islamic Bank, NBK Capital and QNB Capital.

Warba, 34% owned by the state of Kuwait, will meet investors in Asia, UAE and London from Sept. 12, the document showed.

(Reporting by Davide Barbuscia; Editing by Clarence Fernandez)

((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: davide.barbuscia.reuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More