Browse related articlesGHC to list $190m sukuk on DIFX
United Arab Emirates: Thursday, April 24 - 2008 at 10:40
Gulf Holding Company plans to list its subsidiary Villamar Sukuk Company Limited's $190m Sukuk bond issue on the Dubai International Financial Exchange, subject to final approval. The issue was arranged by Merrill Lynch International, and was jointly lead managed by Al Rajhi Banking and Investment Corporation. MLI were also the mandated book-runners for this issue which was launched and priced on April 18, 2008.Floating Rate Certificates of the $190-million five-year international sukuk offering will deliver a profit rate of 275 basis points over the three-month London Interbank Offered Rate (Libor).
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Jeff Florian, Senior ReporterThursday, April 24 - 2008 at 10:40 UAE local time (GMT+4)
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