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Kuwaiti lender Boubyan prices $500mln 5-year sukuk
Kuwait’s Boubyan Bank priced its $500 million senior unsecured Reg S 5-year sukuk at 4.973% with fixed, semi-annual, 30/360 coupon. The books came in at $1.7 billion, excluding JLM interest. Earlier, the Kuwaiti lender had a spread set at CT5+95bps, with the initial price guidance in the area of T+130bps….
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