Bahrain's Ahli United Bank to raise $400 mln via Tier 1 bond at 6.875 pct

April 22, 2015 10:02 AM

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DUBAI, April 22 (Reuters) - Bahrain's Ahli United Bank has set the final yield for a $400 million Tier 1 bond issue that will enhance its capital reserves and will price later on Wednesday, a document from lead arrangers showed.

The lender set a final yield of 6.875 percent, at the tight end of previous guidance of the 7.00 percent area plus or minus 12.5 basis points. It had given initial guidance at the low 7 percent area on Tuesday. The size of the bond was initially put at a minimum of $300 million.

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