Kuwait-Mubasher: Gulf Bank of Kuwait (GBK) received the Capital Markets Authority’s (CMA) approval of issuing bonds worth KWD 100 million or less, the company said in a recent statement.
The issuance has duration of 10 years starting from 15 March, 2016.
GBK noted the bond yields will be used to boost the Tier 2 capital baseline according to Basel III requirements, but with no financial impact on the company’s reports.
The bank’s stock ended Wednesday’s trading session with a fall of 0.94% to 210 fils, after about 651,080 shares were exchanged with a value of about KWD 136,270.
