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

Investment Banking Creating a diverse bond market

In an exclusive mini roundtable, Nabilah Annuar, Banker Middle East Editor, sits down with Michael Grifferty, President of the Gulf… read more