Gulf banks join regulatory capital party

April 2, 2015 9:58 AM

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LONDON, April 2 (IFR) - Middle Eastern banks are taking advantage of cheap borrowing costs to optimise their capital structure even though countries in the region have yet to fully implement Basel III rules.

National Bank of Kuwait priced a US$700m 5.75% perpetual non-call six-year inaugural Additional Tier 1 bond on Wednesday, becoming the latest bank in the region to sell this type of instrument.

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