Mubasher: Kuwait International Bank (KIB) on Tuesday announced that it received the proceeds of $300 million AT1 sukuk.
The sukuk offering was listed on the Irish Stock Exchange (Euronext Dublin), according to a bourse statement.
In May, the Kuwait-listed lender announced the issuance of the $300 million sukuk under Tier 1 capital as per Basel III and the Central Bank of Kuwait’s (CBK) guidelines at an annual profit rate of 5.625%.
