Garuda appoints Warba Bank lead manager for global $500m Sukuk issue, to expand fleet

Garuda appoints Warba Bank lead manager for global $500m Sukuk issue, to expand fleet

Brand logo from the company website

Indonesian flag-carrier PT Garuda Indonesia has appointed Kuwait-based Warba Bank as joint lead manager and joint book runner for its inaugural global Sukuk issue $500 million. The announcement came as the company gave a major aircraft order to the US’s Boeing Company and France’s Airbus.

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