Warba Bank is about to issue up to USD250mn of Islamic bonds to boost its Tier 1 capital, according to sources close to the matter. The Kuwaiti bank is completing pre-placement of the planned issuance and the sukuks are expected to hit the market very soon, one of the sources said. Warba Bank's Board of directors agreed in July 2016 to issue sukuks worth up to USD250mn to support the bank’s Tier 1 capital, according to a statement by the bank. (Reuters)
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