GFH Financial Group (“GFH”) would like to announce that pricing of a US$500 million 5-year Sukuk achieved successfully, marking the extension of its international Sukuk programme.
The final orderbook closed at more than US$2 billion, representing an oversubscription of more than 4x. This transaction was priced at c. 240bps tighter than GFH’s previous issuance in 2020 (relative to the US Treasury benchmark). The issuance was met with strong demand from international investors who were allocated more than 50% of the issuance with the remaining allocated to regional and local investors.
This transaction is expected to reflect positively on the financials and increase the returns for the Group.