Friday 28, December 2012 by Robin AmlĂ´t

Burgan Bank completes KWD 100 million subordinated bond issue

Burgan Bank has announced the successful completion of a KWD 100 million ($356 million) Lower Tier II subordinated bond issue. The bond marks the first KWD -denominated Lower Tier II (LT2) subordinated bond, largest private sector KWD issuance and longest tenor in Kuwaiti market to be issued by a Kuwaiti bank. KIPCO Asset Management Company (KAMCO) and Watani Investment Company (NBK Capital) jointly managed the bond issuance.

Features & Analyses

Economics Fearlessness to change

A fast-rising star in the Tanzania Government, January Makamba recently announced his intentions to run for President in the 2015… read more