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Al Khaliji
Commercial Bank Announces the Pricing of Unsecured Bonds worth
$500 MM
October 03, 2018
Al Khaliji
Commercial Bank (“Al Khaliji”) announced the successful issuance
and pricing of a USD 500 million five-year senior unsecured
bond, in line with the regulatory requirements of RegS for dept
securities, under the Bank’s European Medium Term Note (“EMTN”)
Program. The transaction saw
strong demand from local and international investors, with an
approximate USD 1.6 billion order book, an oversubscription by
three times the offering amount. The bond was issued carrying a
coupon at a flat rate interest of 4.75% and has a final reoffer
yield of 4.882%.
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