Kuwait-Mubasher: Kuveyt Türk, the arm of Kuwait Finance House (KFH) in Turkey has issued sukuk worth $350 million, according to a statement.

KFH noted that the sukuk issuance has duration of 10 years, with a return worth 7.9%.

The sukuk will be offered to trading for the first time in Ireland Stock Exchange.

Kuveyt Türk has mandated KFH Capital as a global coordinator as well as six arrangers namely HSBC, Dubai Islamic Bank, Noor Bank, QInvest, Emirates NBD Capital, and Kamco Investment.