Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers K > Headlines for Kuwait Projects Co. > News item |
Kuwait’s Burgan Bank plans dollar-denominated perpetual bonds
By Sarah Lizee
Olympia, Wash., July 2 – Burgan Bank KPSC plans to sell dollar-denominated fixed perpetual bonds, according to a stabilization notice.
Bank ABC, Citi, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, JPMorgan, NBK Capital and Standard Chartered Bank are the stabilizing managers. HSBC is the stabilization coordinator.
The stabilization period will run from July 2 to Aug. 8.
The maximum over-allotment option will be 5% of the total nominal amount.
The benchmark bonds will be non-callable for five years.
Burgan Bank is a Sharq-based lender and subsidiary of Kuwait Projects Co. Holding KSC.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.