IFLR1000

Ahli United Bank $400 million 6.875% Tier 1 bond issue

20/5/2015
Investment grade bond/note issue
Select tab

$ 400 million

Completed

20/5/2015

Overview:

  • Ahli United Bank has undertaken a $400 million Tier 1 bond issue.
  • The 6.875% issue of perpetual Tier 1 capital securities is the first Basel III compliant issue by a Bahrain entity.
  • Goldman Sachs, HSBC and Morgan Stanley acted as joint lead managers.

Sam Duke - Editor

Jurisdictions:

Bahrain
United Arab Emirates

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Governing law:

England and Wales

Industry sector:

Banking

Firms:
Allen & Overy

Party: Goldman Sachs (Joint lead manager)

Party: HSBC (Joint lead manager)

Party: Morgan Stanley (Joint lead manager)

Lawyers: Anzal Mohammed, Bilal Ahmad

Hassan Radhi & Associates

Party: Goldman Sachs (Joint lead manager)

Party: HSBC (Joint lead manager)

Party: Morgan Stanley (Joint lead manager)

Jalila Sayed Attorneys & Legal Consultants

Party: Ahli United Bank (Issuer)

Slaughter and May

Party: Ahli United Bank (Issuer)

Lawyer: Ed Fife

Related deals