By Rebecca Melvin
New York, Feb. 18 – Kuwait’s Boubyan Bank KSCP priced a $750 million issue of 2.593% trust certificates due 2025, according to a regulatory notice on Tuesday.
Boubyan Sukuk Ltd. was issuer of the notes, the Euronext Dublin notice stated.
The Islamic lender is based in Kuwait City.
| Issuer: | Boubyan Sukuk Ltd.
|
| Guarantor: | Boubyan Bank KSCP
|
| Amount: | $750 million
|
| Maturity: | 2025
|
| Description: | Trust certificates
|
| Distribution rate: | 2.593%
|
| Listing notice: | Feb. 18
|
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