Printer Friendly

Burgan Bank bond price guidance set at 8.25 pct - lead.

Summary: Burgan Bank is looking to raise at least $300 million through the sale-says official.

The price guidance for Kuwaiti lender Burgan Bank's 10-year bond issue is seen at 8.25 percent, a lead manager said on Wednesday.

Burgan Bank is the commercial banking arm of Kuwait Projects Co (KIPCO) , the country's largest investment company by assets, which priced a $500 million 10-year bond in July at 9.5 percent.

The size of the issue is still undetermined but a senior executive at KIPCO said earlier this week that Burgan Bank is looking to raise at least $300 million through the sale.

(Reporting by Eman Goma; Editing by Dinesh Nair)

2009 Dubai Business | Kippreport. All Rights Reserved.

Provided by Syndigate.info an Albawaba.com company
COPYRIGHT 2010 Al Bawaba (Middle East) Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2010 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Kippreport
Date:Sep 22, 2010
Words:125
Previous Article:UAE bank NBAD plans to launch new bond fund.
Next Article:General Cable buys Egyptian firm for $22 mln.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters