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Kuwait International Bank issues $300M in Additional Tier 1 bonds

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Kuwait International Bank issues $300M in Additional Tier 1 bonds

Kuwait International Bank KSCP issued $300 million in perpetual Additional Tier 1 Islamic bonds, or sukuk, callable after five years.

The bonds will be listed on Irish Stock Exchange PLC, which was acquired by Dutch stock exchange operator Euronext NV in March.

Standard Chartered Bank, Citigroup Global Markets Ltd., Dubai Islamic Bank, First Abu Dhabi Bank, KFH Capital Co. and KAMCO Investment Co. acted as joint lead managers and book runners on this issuance.