Issuance Details

• Company: Infracorp
• Rating (Fitch): B
• Sector: Financial
• Market: ISM

Transaction Details

• Issue Date: 15 March 2022
• Issue Size: $900 million
• Coupon: 7.5%
• Maturity: Perpetual

Infracorp completes issuance of $900 million sukuk

• Infracorp is the infrastructure and sustainability arm of GFH Financial Group. It manages nearly $3 billion of infrastructure assets, including a 250 million-square-foot land bank earmarked for sustainable economic and social infrastructure
• In March 2022, Infracorp sold $900 million in sustainable sukuk, the first-ever green sukuk issued by a Bahraini entity
• The perpetual Islamic bond was issued on London’s International Securities Market (ISM) at a semiannual yield of 7.5%
• Proceeds from Infracorp’s debt sale will be used to accelerate the growth of sustainable infrastructure across the Middle East and South Asia
• GFH Financial Group BSC underwrote the deal

Source: London Stock Exchange, Refinitiv, May 2022