First Islamic Announces $75Mn Sukuk Issue
First Islamic Investment Bank plans to issue $75mn of Islamic sukuk, it announced on 28 April. The Securities House of Kuwait will act as the Mudarib and Lead Investor for the issue, which is known as First Islamic Registered Senior Aman Notes (FIRSAN). As the Lead Investor, the Securities House will participate in FIRSAN for a minimum of $30mn and ABC Islamic Bank will act as the registrar. 'Abd al-'Aziz...