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%.