IslamicFinance.de

Gulf Investment Corporation GSC Kuwait (GIC) had on Tuesday, March 1 issued its first local currency Sukuk amounting to RM600 million in the Malaysian market.
The GIC stated that this would be its third bond offering in Malaysia.

Kuwait-based Gulf Investment Corporation (GIC) has launched a 500 million ringgit (164 million US dollar) Sukuk issue in Malaysia as part of an existing funding program, one of a growing number of Middle East issuers to seek alternative sources of funding.
GIC, which was set up to drive private enterprise and economic growth in the Gulf region, had earlier established a 3.5 billion ringgit Sukuk program in the Southeast Asian country.