Kuwait International Bank hires banks for dollar sukuk - document

KIB hired Citi, Standard Chartered, Boubyan Bank, Emirates NBD Capital, First Abu Dhabi Bank, Kamco Invest and KFH Capital

  
Close-up of Kuwaiti bank notes (toned). Image used for illustrative purpose.

Close-up of Kuwaiti bank notes (toned). Image used for illustrative purpose.

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DUBAI - Kuwait International BankKIBK.KW has hired banks to arrange investor calls starting on Wednesday for the planned issuance of Tier 2 U.S. dollar-denominated 10-year sukuk that are non-callable for five years, a document showed on Wednesday.

KIB hired Citi, Standard Chartered, Boubyan Bank, Emirates NBD Capital, First Abu Dhabi Bank, Kamco Invest and KFH Capital, the document from one of the banks on the deal said. The sukuk issuance will follow subject to market conditions.

(Reporting by Yousef Saba; Editing by Kim Coghill) ((Yousef.Saba@thomsonreuters.com; +971562166204))

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