Arab Today, arab today bahrain\s gib sets up us11bn sukuk programme
Last Updated : GMT 09:57:33
Arab Today, arab today
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Bahrain\'s GIB sets up US$1.1bn sukuk programme

Arab Today, arab today

Arab Today, arab today Bahrain\'s GIB sets up US$1.1bn sukuk programme

Manama - Arabstoday

Bahrain-based Gulf International Bank set up a US$1.1bn medium term note programme with the aim of issuing a sukuk denominated in Malaysian ringgit to diversify its funding base . \"The sukuk programme represents a strategic move to tap into the ringgit market in an effort to diversify funding avenues and currencies for the bank,\'\' GIB chairman Jammaz bin Abdullah Al-Suhaimi, said in a statement. Standard Chartered and Malaysia\'s CIMB Investment Bank Berhad are lead arrangers of the Shariah-compliant note, while GIB Capital, the investment banking arm of the Bahrain-based lender is the international coordinator. The programme has been rated AA1 by Malaysia\'s RAM Ratings. From Arabian Business

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Arab Today, arab today bahrain\s gib sets up us11bn sukuk programme Arab Today, arab today bahrain\s gib sets up us11bn sukuk programme

 



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