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Kuwait Finance House - Bahrain (KFH-Bahrain) acted as a joint lead manager and a bookrunner for the $100 million Sukuk issue for the International Finance Corporation, the private sector arm of the World Bank Group.
The five-year Sukuk was oversubscribed and rated Aaa by Moody's, in line with IFC's issuer ratings.
The deal marks another step forward in KFH-Bahrain and enhances its contribution in the capital markets throughout the GCC.
The $100 million Sukuk issue will be used to support IFC's plans to increase funding for development activities in emerging markets.
Abdulhakeem Alkhayyat, MD and CEO of KFH-Bahrain, said: "We are proud to be jointly managing the Sukuk issue with HSBC, Dubai Islamic Bank and Liquidity House for IFC. This issuance has seen strong interest from the investors in Bahrain and the GCC."
