Kuwait’s Warba Bank sets initial price guidance for dollar sukuk

DUBAI: Kuwait’s Warba Bank has set initial price guidance in the high 6 per cent area for its planned US dollar-denominated sukuk issue, a document issued by one of the lead banks showed on Tuesday.

Standard Chartered is global coordinator of the transaction.

The joint bookrunners are Bank ABC, Emirates NBD Capital, KAMCO, KFH Capital, Noor Bank and Standard Chartered Bank.