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Kuwait Finance House (KFH) has issued a mandate for a dollar-denominated five-year benchmark sukuk.
The Islamic lender, rated A2 by Moody’s (stable outlook) and A by Fitch (stable outlook), has mandated KFH Capital as the global coordinator along with Abu Dhabi Islamic Bank, Bank of China, Boubyan Bank, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, Mizuho, Standard Chartered Bank and The Islamic Corporation for the Development of the Private Sector as joint lead managers and joint bookrunners to arrange a series of investor calls commencing Monday.
The fixed rate senior unsecured Wakala / Murabaha structure will come under KFH’s $4 billion Trust Certificate Issuance Programme. FCA/ICMA stabilisation applies.
The sukuk will be listed on the London Stock Exchange’s International Securities Market.
KFH last tapped debt markets in November, raising $850 million through an Additional Tier 1 sukuk with an annual yield of 6.25%.
The Q4 2025 GCC bond rally has continued into the New Year with the UAE’s Emirates NBD also issuing a mandate on Monday for a USD dual-tranche bond with three- and five-year tenors.
(Writing by Bindu Rai, editing by Seban Scaria)
