Wednesday 18, June 2014 by Matthew Amlôt

RAKBANK concludes issuance of $500 million bond

The National Bank of Ras Al-Khaimah (RAKBANK) successfully priced a five year $500 million bond issuance. The bond was issued at 99.275 per cent and will pay an annual coupon of 3.250 per cent, equivalent to 160 bps over five year USD Mid Swaps.

Features & Analyses

Investments A new class for BRVM

The West African Economic and Monetary Union has just been bumped to Frontier Market status, joining just five other African markets… read more