Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Kuwait's Ahli United Bank sells $600 million Islamic bond

06/09/2021 | 09:31am EDT

DUBAI, June 9 (Reuters) - Kuwait's Ahli United Bank has sold $600 million in Additional Tier 1 Islamic bonds at 3.875%, a document showed on Wednesday.

Pricing on the bond tightened from an initial price guidance of around 4.375% after the debt sale attracted more than $1.7 billion in orders, the document from one of banks on the deal showed.

Additional Tier 1 (AT1) bonds are designed to be perpetual in nature, but issuers can redeem or "call" them after a specified period. Ahli United Bank's AT1 sukuk will be non-callable for 5-1/2 years.

Kuwait's Ahli United, nearly three-quarters owned by Bahrain's Ahli United Bank, hired Citi, HSBC , Standard Chartered, Abu Dhabi Islamic Bank , Kamco Invest, KFH Capital and Kuwait International Bank to arrange the deal. (Reporting by Yousef Saba; editing by Jason Neely and Jane Merriman)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ABU DHABI ISLAMIC BANK PJSC 0.70% 5.73 End-of-day quote.21.91%
AHLI UNITED BANK B.S.C. 0.32% 0.95 End-of-day quote.31.25%
AHLI UNITED BANK K.S.C.P. 0.00% 0.325 End-of-day quote.23.70%
HSBC HOLDINGS PLC -0.20% 434 Delayed Quote.14.76%
KAMCO INVESTMENT COMPANY K.S.C.P. 2.86% 0.144 End-of-day quote.94.86%
KUWAIT FINANCE HOUSE K.S.C.P. 0.00% 0.823 End-of-day quote.33.72%
KUWAIT INTERNATIONAL BANK K.S.C.P. 0.00% 0.224 End-of-day quote.7.69%
STANDARD CHARTERED PLC 0.58% 487.4 Delayed Quote.4.06%
UNITED BANK LIMITED 5.06% 140.12 End-of-day quote.11.33%
Latest news "Economy & Forex"
04:39aUK retail sales fall in Sept despite panic buying of fuel
RE
04:36aUK's economy gathers speed, inflation pressures mount - PMIs
RE
04:32aEuro zone business growth slowed in October as prices soared -PMI
RE
04:31aS.Africa's Eskom had 'fruitful' talks with Western climate envoys -CEO
RE
04:31aSterling dips after retail sales miss forecasts
RE
04:27aGains for Miners Lift FTSE 100
DJ
04:25aPortugal's gig-economy workers set to become staff
RE
04:16aChina coal surge puts supply record, power jump within reach
RE
04:14aNETFLIX : High demand for 'Squid Game' tracksuits cheers S.Korea's struggling garment sector
RE
04:02aKazakhstan central bank seen raising rate to 9.75% in October
RE
Latest news "Economy & Forex"