Islamic Finance

Bahrain's GFH raises $300 mln in sukuk

GFH Financial Group has raised $300 million through the sale of a five-year sukuk, the company said in a statement on Wednesday (Jan 22).

The Bahrain-based Islamic investment bank said the sale was 2.5 times oversubscribed.

48% of the sukuk allocation went to international investors with regional investors buying up the rest. 

GFH said on Jan 16 that the sukuk could be listed on the London Stock Exchange's International Securities Market. 

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