Bahrain-Mubasher: Bank of Bahrain and Kuwait (BBK) has issued bonds at a total value of $400 million, the lender said in a bourse statement.
It added that the issuance of an international senior unsecured bond with a five-year maturity date targeted professional investors in the Middle East, Far East and Europe.
The investor mix was diversified, as 70% of them were based in the Middle East, 8% based in Asia and 22% in Europe.
In addition, 50% of the bonds were bought by banks and the remainder by fund managers and private banking clients as well as pension and insurance companies.
A total of 57 regional and international investors invested in BBK bonds, with a fixed coupon of 3.5% and a re-offer price of 99.09%.
The bonds, rated BBB by Fitch Ratings and Baa2 by Moody's, were substantially oversubscribed with the order book reaching around $900 million.
