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Kuwait’s Burgan Bank sets final talk on $500 million five-year notes at 215 bps over mid-swaps
By Christine Van Dusen
Atlanta, Sept. 7 – Kuwait’s Burgan Bank SAK set final talk at mid-swaps plus 215 basis points for a $500 million offering of five-year notes, a market source said.
The notes were initially talked at a spread in the low-to-mid-200 bps area.
HSBC, Standard Chartered, National Bank of Abu Dhabi, Emirates NBD and Societe Generale are the bookrunners for the Regulation S sukuk.
Burgan Bank is a Sharq-based lender and subsidiary of Kuwait Projects Co. Holding KSC (Kipco).
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