Warba issues 5-year green sukuk: Kuwait’s Warba Bank has issued USD 500 mn green sukuk with a maturity date in 2029, according to an arranging bank document seen by Reuters. The issuance attracted USD 1.7 bn in orders which saw it price the issuance at 105 basis points over US Treasuries — down from 150 bps reported earlier in the day.

Advisors: Al Rayan Investment, Bank ABC, Boubyan Bank, Dubai Islamic Bank, The Islamic Corporation for the Development of the Private Sector, KFH Capital, and Mashreq are working with Warba as joint lead managers and bookrunners. The lender tapped Emirates NBD Capital, HSBC and Standard Chartered Bank as global coordinators.

Is Kuwait on a green bond spree? The National Bank of Kuwait (NBK) was prepping a 6-year green bond issuance in May. NBK is planning to follow the green bond issuance with another USD-denominated senior unsecured Green Notes under NBK’s Global Medium Term Note Programme (pdf) launched last year with the aim of issuing USD 5 bn worth of notes denominated in any currency.