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Burgan Bank cleared to issue KWD 100m bonds

Burgan Bank cleared to issue KWD 100m bonds
Photo Credit: Arabianeye-Reuters
BURG
BURG
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Kuwait-Mubasher: Burgan Bank said it has received the Capital Markets Authority’s (CMA) approval for issuing registered bonds worth KWD 100 million.

The Kuwaiti bank said that the Basel III compliant bonds will help in enhancing its capital.

Burgan stock grew 2.9% or 10 fils to end Thursday’s trading session at 355 fils, following liquidity worth KWD 229,100 that was generated through about 649,200 shares.