Financial and Banking News


BBK Raises $50mn NIF

 A Note Issuance Facility (NIF) for a total of $50mn has been arranged for the Bank of Bahrain and Kuwait (BBK). Certificates of Deposit (CDs) will be issued for five years, retractable to three years at the option of the managers, up to a total of $50mn at any one time, and a syndicate of banks has been assembled which have undertaken to purchase the CDs, as issued by BBK. The CDs will bear interest equivalent to the...