GFH eyes up to $500 million five-year senior sukuk trust certificates

By Sarah Lizee

Olympia, Wash., Jan. 16 – Bahrain’s GFH Financial Group BSC said it intends to issue up to $500 million of five-year senior sukuk trust certificates.

GFH’s shareholders passed a resolution at a general meeting held on Dec. 29 to issue the sukuk certificates in one or more tranches.

Societe Generale and Standard Chartered Bank are global coordinators and are joint lead managers together with Emirates NBD Capital, Kamco Investment Co. KSCP, Mashreqbank psc, SHUAA Capital PSC and Warba Bank KSCP.

Meetings with fixed income investors will began on Wednesday in the United Arab Emirates and London.

The investment bank is based in Harbour, Bahrain.

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