Al Ahli Bank Of Kuwait Prints $300 Million Perpetual Bond

Al Ahli Bank of Kuwait has issued $300 million in perpetual bonds, according to a bank document seen by Reuters. Perpetual bonds are similar to an equity instrument in the fact that they have no maturity. The Kuwaiti lender, rated A2 by Moody’s and A+ by Fitch, priced the Tier 1 paper on Wednesday with a coupon rate of 7.25 percent. Citi, HSBC, and JPMorgan arranged the transaction.

 

SOURCE : ARABTIMES

Comments Post Comment

Leave a Comment

Submit