|17 September, 2019

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

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

 Image used for illustrative purpose

Image used for illustrative purpose

REUTERS/Fadi Al-Assaad

RIYADH  - 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) ((Alexander.Cornwell@thomsonreuters.com;))

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