Kuwaiti petchems JV Equate has tied up a $500mn debut sukuk, the first issue approved by Kuwait’s Capital Market Authority under new legislation.
Abdulaziz al-Marzouq, CEO of local book runner KFH Capital says the issuance was seven times oversubscribed with an order book of $3.7bn. The seven-year sukuk is priced at Libor mid-swaps +3.944 and will mature in February 2024. (CONTINUED - 208 WORDS)
