IFLR1000

Burgan Bank KD100 million Tier 2 bond issue

9/3/2016
Investment grade bond/note issue
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KD 100 million

$ 328.109 million

Completed

9/3/2016

Overview:

  • Burgan Bank has undertaken a KD100 million Tier 2 bond issue.
  • The issue consists of a 6.00% fixed rate tranche and a 6.20% floating rate tranche.
  • The issue is the first Tier 2 Basel III compliant bond issued under the new Kuwait Capital Markets Law.
  • KAMCO Investment Company, Watani Investment Company and Gulf Bank acted as joint lead managers.

Sam Duke - Editor

 

Jurisdiction:

Kuwait

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Industry sector:

Banking

Firm:
ASAR - Al Ruwayeh & Partners

Party: Kamco Investment Company (Joint lead manager)

Party: Gulf Bank (Joint lead manager)

Party: Watani Investment Bank (Joint lead manager)

Lawyers: Ibrahim Sattout, John Cunha, Rob Little

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