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.

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