BARWA BANK IS JOINT LEAD MAN­AGER FOR IFFIM SUKUK

Qatar Today - - BUSINESS > BANK NOTES -

Barwa Bank has been ap­pointed by the In­ter­na­tional Fi­nance Fa­cil­ity for Im­mu­ni­sa­tion Company (IFFIm) as Joint Lead Man­ager and book run­ner for a bench­mark medium term sukuk is­sue.

IFFIm is backed by nine coun­tries in­clud­ing the United King­dom and France. The company is­sues bonds, and now sukuk, de­signed to up­front fu­ture donor pledges into cash-in-hand to­day to fi­nance its im­mu­ni­sa­tion ef­forts. pro­ceeds of the sukuk will be used to pro­vide free vac­cines and re­lated health sys­tem strength­en­ing support to many of the world's poor­est na­tions.

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