Ahli United Bank Kuwait plans capital-boosting Islamic bond issue
Ahli United Bank Kuwait will hold roadshows in the GCC, Europe and Asia for fixed income investors starting on Wednesday ahead of a potential capital-boosting sukuk issuance, according to banking sources. The funds would be raised to enhance the Kuwaiti bank's Tier 1 core capital. The bank, 67.33% owned by Bahrain's Ahli United Bank, will hold a roadshow in the UAE on Wednesday, followed by meetings on subsequent days in Switzerland and London, before a final day of discussions in Singapore next Monday. (Reuters)
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