GFH Financial Group Issues USD 200 Million Sukuk to Complete USD 500 Million Sukuk Program

Bahrain based Islamic bank GFH Financial Group (GFH) has announced that it has issued the remaining amount of USD 200 million of its USD 500 million Sukuk program, to complete the benchmark-sized Sukuk issuance. 

According to GFH, proceeds from the Sukuk issuance will be utilized to further strengthen GFH’s financial position and to diversify its revenue channels.

This follows the GFH’s earlier Sukuk issuance of USD 300 million on the 28th of January 2020, according to the IslamicMarkets Sukuk Monitor. Local media reported that the initial issuance of USD 300 million attracted interest from both regional and international investors, while the Sukuk was oversubscribed by 2...