Kuwait's Burgan Bank eyes up to 100 mln dinars from bond sale
Thursday, 18 October 2012
KUWAIT: Burgan Bank is seeking approval to issue bonds worth up to 100 mln dinars ($356 million), the Kuwaiti lender said in a bourse filing on Thursday.
Burgan, which is in the process of buying Eurobank's Turkish arm, gave no further details on the bond issue plans.
A Kuwaiti newspaper reported earlier this week that Burgan, the commercial banking arm of Kuwait Projects Co (KIPCO), was planning to market the bond sale before the end of the year. (Reuters)