Kuwait-Mubasher: Burgan Bank said on Saturday that it has issued Tier 2 subordinated bonds worth KWD 100 million, with a maturity period of 10 years.
The issuance includes fixed-interest bonds at an interest rate of 6% % per annum for the first five years from the issuance date, as well as floating rate bonds at a floating interest rate of 3.95% to be paid semiannually.
The bonds are compliant with Basel III rules as well as the central bank’s regulations.
