Friday 28, December 2012 by Robin Amlôt

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

Islamic Finance The path forward

After years of milestones, Islamic finance in Dubai and beyond still has work to do, writes Abdulla Mohammed Al Awar, CEO of DIEDC read more