|13 January, 2020

Bahrain's GFH hires banks to market five-year dollar sukuk

The banks will market the bonds through a series of meetings starting on January 15 in Asia, the United Arab Emirates and London

A Central Bank of Bahrain official shows a new BD$20 (Bahraini 20 Dinars Note) on the first day of its release in Bahraini capital of Manama

A Central Bank of Bahrain official shows a new BD$20 (Bahraini 20 Dinars Note) on the first day of its release in Bahraini capital of Manama

REUTERS/Hamad I Mohammed

DUBAI- Bahrain-based GFH Financial Group has hired Societe Generale and Standard Chartered to act as global coordinators and joint lead managers for the issuance of five-year dollar sukuk, or Islamic bonds.

The banks will market the bonds through a series of meetings starting on Jan. 15 in Asia, the United Arab Emirates and London, a term sheet seen by Reuters said.

Emirates NBD Capital  KAMCO Investment, Mashreqbank, SHUAA Capital and Warba Bank will also serve as joint lead managers.

(Reporting by Yousef Saba; Editing by Jan Harvey) ((Yousef.Saba@thomsonreuters.com))

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