16 Hrs
Source:
الاقتصادية
ASB Capital Leads $500M Sukuk for BKM
ASB Capital, a company specializing in asset and wealth management with assets valued at $10.2 billion, has announced its renewed appointment as Co-Lead Manager and Bond Registrar for Kuwait International Bank's issuance of $500 million in unsecured senior sukuk due in five years. The deal received subscription requests exceeding $1 billion, more than double the issuance amount. The sukuk were rated an A, and they were traded on the international London Stock Exchange. The process involved a consortium of leading regional and international financial institutions, reflecting Kuwait International Bank's continued trust in ASB Capital’s expertise, which previously assisted in the issuance of a $300 million sukuk in October 2025. Experts believe this repeat engagement strengthens the company's presence in Kuwait and affirms its capabilities in unsecured financing instruments and Tier 2 tools.
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