Warba Bank launches $500 mln in 5-year green sukuk, document shows
July 3 (Reuters) -Kuwait-based Warba Bank WARB.KW has launched $500 million in green sukuk maturing in July 2029, an arranging bank document showed on Wednesday.
The indicative price for the debt sale was tightened to 105 basis points over U.S. Treasuries from 140 bps over the same benchmark released earlier in the day after the lender attracted over $1.7 billion in orders, the document said.
The Kuwaiti lender picked Emirates NBD Capital, HSBC and Standard Chartered Bank as joint global coordinators.
Al Rayan Investment, Bank ABC, Boubyan Bank, Dubai Islamic Bank, The Islamic Corporation for the Development of the Private Sector, KFH Capital, Mashreqbank and Warba Bank are working on the deal as joint lead managers and joint bookrunners, the document added.
Reporting by Mohammad Edrees, Editing by Louise Heavens
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