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Bahrain’s GFH Financial talks dollar five-year sukuk at about 7˝%
By Rebecca Melvin
New York, Jan. 21 – GFH Sukuk Co. Ltd., a subsidiary of GFH Financial Group BSC, plans to price a dollar-denominated benchmark offering of five-year Islamic bonds, or sukuk (expected ratings: /B/B), to yield about 7˝%, according to a syndicate source.
Societe Generale and Standard Chartered Bank (global coordinators) are bookrunners of the Regulation S deal along with Emirates NBD Capital, Kamco Investment Co., KSCP, Mashreqbank psc, Shuaa Capital psc and Warba Bank KSCP.
Pricing of the sukuk was expected later on Tuesday.
The investment bank is based in Bahrain Financial Harbour, Bahrain.
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