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29-Jun-2016

Burgan Bank said to hire banks for USD bond sale

Burgan Bank has reportedly mandated HSBC, Standard Chartered, National Bank of Abu Dhabi, Emirates NBD and Societe Generale among others as lead arrangers for a potential benchmark bond offering, according to two people familiar with the plan. The bond issuance is expected after Ramadan, but will depend on market conditions. (Bloomberg)   Burgan Bank: KWD0.34 as of 28 June 2016, Rating: Neutral, FV: KWD0.37 per share, MCap: USD2,288mn, BURG KK / BURG.KW

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