AHLI UNITED BANK COMPLETES US $100 MILLION SUBORDINATED DEBT ISSUE
Ahli United Bank B.S.C. (AUB) has announced the completion of the issuance of a US $100 million Lower Tier II Subordinated Floating Rate Note.
The issue, which is valued at US $100 million, will complement AUB’s secondary capital base, with the notes being listed on the London Stock Exchange. The sole arranger for the issue was BNP Paribas.
“This transaction represents a good first step in diversifying AUB’s capital sources outside the region,” said Fahad Al Rajaan, Chairman, Ahli United Bank.
“It demonstrates the confidence of European and Asian investors in AUB capital paper, in addition to its traditional Gulf investors”, he concluded.