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Bahrain's Ahli United Bank gives initial guidance for dollar sukuk - document

Bahrain's Ahli United Bank gives initial guidance for dollar sukuk - document

reuters.com · 09/02/2021 02:04
Bahrain's Ahli United Bank gives initial guidance for dollar sukuk - document

- Bahrain-headquartered Ahli United Bank AUBB.BH has given an initial price guidance of around 200 basis points over mid-swaps for five-year U.S. dollar-denominated senior Islamic bonds, a document showed on Thursday.

HSBC HSBA.L and JPMorgan JPM.N are joint global coordinators. Bank ABC ABCB.BH, Dubai Islamic Bank DISB.DU, Kamco Invest KAMC.KW, KFH Capital KFH.KW, Kuwait International Bank KIBK.KW and Mashreq MASB.DU are joint lead managers, the document from one of the banks reviewed by Reuters showed.

The deal, expected to launch later on Thursday, will be of benchmark size, which typically means at least $500 million.


(Reporting by Yousef Saba; editing by Uttaresh.V)

((Yousef.Saba@thomsonreuters.com; +971562166204; https://twitter.com/YousefSaba))