RAK Bank hires 6 banks for USD bond issuance

2019-03-26 14:56:26 GMT (Economies.com)
 

National Bank of Ras Al Khaimah (RAK Bank) announced today that it mandated Bank ABC, Citi, Emirates NBD Capital, First Abu Dhabi Bank, ICBC and Standard Chartered Bank as joint lead managers and bookrunners to arrange a series of fixed income investor meetings in Hong Kong, Singapore and London commencing on March 28, 2019.

 

A 5-year benchmark Regulation S senior unsecured USD bond offering, under RAKBANK’s $2 billion EMTN Programme, will follow subject to market conditions.

 

The bank earlekr posted a rise by 20.3% in net profit for the fourth quarter ended December 31, 2018, to AED 245.7 million, from AED 204.2 million in the prior-year period.

 

The bank’s financial results for the first nine months of 2018 showed AED 671.8 million net profit, compared with AED 606.3 million in prior-year period.

 

 
 
 
  Symbol Last Change Chg.%
1.1606
0.0036
0.3139%
1.3751
0.0123
0.9053%
Tadawul
11773.36
25.09
0.21%
23.335
0.700
3.090%
82.022
0.902
1.112%
84.86
0.86
1.02%
1767.855
13.150
0.749%
 
 
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