trending Market Intelligence /marketintelligence/en/news-insights/trending/RavqNWa9N-CkJBhM9hqDVQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Report: Boubyan Bank issues $250M sukuk, CEO says

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Report: Boubyan Bank issues $250M sukuk, CEO says

National Bankof Kuwait S.A.K.P. unit Boubyan Bank K.S.C.P. issued a $250 million aimed at bolstering thebank's Tier 1 capital, the Kuwait Times reported May 10,citing Boubyan Bank Vice Chairman and CEO Adel Abdul Wahab Jassim Al Majed.

The sukuk, which does not have a maturity date, carries acoupon rate of 6.75%. The issue, priced at 100%, was oversubscribed by more thanfive times the targeted amount, with the order book reaching $1.3 billion, theCEO reportedly said.

Boubyan Bank had picked Dubai Islamic Bank, Emirates NBDCapital, HSBC, KFH Capital, National Bank of Kuwait, Standard Chartered anditself to arrange the deal.