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Kuwait’s Ahli United Bank sells $600mln Islamic bond

(Source Zawya) – Kuwait’s Ahli United Bank has sold $600 million in Additional Tier 1 Islamic bonds at 3.875%, according a document.

Kuwait’s Ahli United, mainly 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.  Ahli United Bank’s AT1 sukuk will be non-callable for 5-1/2 years.

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