Ahli United Bank USD200mn perpetual additional Tier 1 sukuk oversubscribed
Ahli United Bank of Kuwait has successfully concluded the subscription of its issue of a USD200mn perpetual additional Tier 1 sukuk. Richard Groves, the bank’s CEO said that the issuance was oversubscribed by over three times more than the targeted amount. This was achieved in less than one week from the date of the announcement of the transaction both locally and internationally, with a roadshow covering meetings in Asia, the Middle East and Europe. The Sukuk will be listed on both the Irish Stock Exchange and NASDAQ Dubai. (Kuwait Times)
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