DUBAI (Reuters) - Bahrain-based GFH Financial Group set the yield on Tuesday for its $300 million five-year sukuk, or Islamic bonds, at 7.5%, a document from one of the banks arranging the deal showed.
The yield set by the investment group was in line with the level at which the notes were marketed earlier on Tuesday.
The sale, expected to close later in the day, received more than $750 million in demand, the document showed.
The issuer is rated B by S&P and Fitch.
Societe Generale and Standard Chartered have been hired to coordinate the deal and they are joint lead managers together with Emirates NBD Capital, KAMCO Investment, Mashreqbank, SHUAA Capital and Warba Bank.
(Reporting by Davide Barbuscia and Yousef Saba; Editing by Alison Williams and Mark Potter)
