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Sukuk Database

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Al Baraka Perpetual

Summary
SPV Name:
ALBARAKA SUKUK LTD 

Notes:
Five times oversubscribed, receiving subscriptions of US$ 1.6 billion against the initial requirement of US$ 300 million. As a result of the high subscription, it was decided to raise the issue size from US$ 300 million to US$ 400 million.The Sukuk issue is an Additional Tier 1 Perpetual Sukuk that is compliant with Basel III as per the Central Bank of Bahrain rules. 


Profit rate:
7.875%
 
Download Documents:
 
Sukuk Details
Type:
Mudaraba 

Issue Size:
$400 million 

Currency:
USD 

Maturity:
 

Country of Issue:
Bahrain 

Tenor:
Perpetual 
Issue Date:
31 May 2017 
Sukuk Rating:
 
Exchanges:
Arrangers:
Advisors:
 
 
 
 

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