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Sukuk
Wakalah
Kuwait Finance House USD 1bn Sukuk 2029
Kuwait Finance House · Kuwait
Senior sukuk from one of the pioneers of modern Islamic banking.
Key terms
- Issuer profile
- Kuwait Finance House
- ISIN
- XS2510041233
- Structure
- Wakalah
- Issue size
- $1B
- Ccy
- USD
- Minimum investment
- $200,000
- Payment frequency
- semi-annual
- Listing venue
- Euronext Dublin
- Governing law
- English law
Pricing
- Profit rate
- 4.70% (fixed)
- Indicative price
- 99.19
- Yield to maturity
- 4.994%
- Spread
- 78 bps
- Ratings
- A1 / A
Key dates
- Issue date
- 6 Nov 2024
- Maturity date
- 6 Nov 2029
- Tenor
- 5 years
Shariah information
- Shariah advisor
- KFH Fatwa and Shariah Supervisory Board
- AAOIFI aligned
- ✓
- Underlying asset
- Wakalah asset portfolio
- Use of proceeds
- General banking purposes