Mubasher: Al Ahli Bank of Kuwait (ABK) has launched its $1.5 billion worth Euro medium-term note (EMTN) programme, according to a bourse statement issued on Sunday.

The bank issued the Tier 1 bonds at a value of $500 million, in coordination with Citibank, HSBC, and NBAD.

This issue is the first for ABK after it acquisition of Piraeus Bank in 2015, the statement added.