News & Credit Rating Announcements
19 April 2024 | Country: Kuwait | Bank: Burgan Bank KSCP
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Burgan Bank – Initial Rating Assigned to Perpetual Additional Tier 1 Bond (up to KWD154mn)
Overview
Capital Intelligence Ratings (CI Ratings or CI) has assigned a first-time issue rating of 'BBB-' to Burgan Bank's (BB) proposed up to KWD154mn Basel III-compliant Perpetual Additional Tier 1 Bond. The bonds are to be issued by private placement. The Outlook assigned to the rating is Stable.
Attachments
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Rating Announcement (CRA)
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