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Boubyan Bank raises KWD 90 mln via perpetual 5-year AT1

Boubyan Bank raised KWD 90 million ($292 million) from a KWD-denominated perpetual 5-year AT1 sukuk with a fixed 5.50% coupon.

BOUBYAN

50%. The perpetual issue has a BBB- rating, with Boubyan Tier 1 Sukuk II Limited listed as the issuer.