Aminvestment to manage Kuwaiti group's RM325 sukuk issuance

AmInvestment Bank will act as sole lead manager for Kuwait's Gulf Investment Corp's GIC issuance of RM325 million sukuk.

It has been appointed the transaction agent to facilitate the commodity trading via the Suq Al-Sila' trading platform on Bursa Malaysia.

AmInvestment said the sukuk would be issued on June 18, 2012 under GIC's existing 20-year RM3.5 billion Sukuk Wakalah bi Istithmar Medium-Term Notes Programme.

AmInvestment said the sukuk comprised a 10-year RM170 million tranche and a 15-year RM155 million tranche, which made up the third and fourth issue under the GIC sukuk, respectively.

"With this issuance, GIC has successfully raised RM2.68 billion from six financing exercises via the Malaysian debt capital markets since 2008," it said.

For more.

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