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Islamic Finance Briefing - Categorized | Banking, Bonds (Sukuk), New Launches more

Burgan Bank issues $400 mln 10-year bond

Posted on 24 September 2010

From Reuters: Burgan Bank, the commercial banking arm of Kuwait Projects Co (KIPCO), raised $400 million in a heavily oversubscribed sale of 7.875 percent 10-year bonds.
The proceeds will “strengthen the bank’s business locally as well as supporting its expansion strategy which has primarily targeted high growth markets in the MENA (Middle East and north Africa) region,” chairman Majed Eisa al-Ajeel said on Thursday……………………………………….Full Article: Source

 
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