Kuwait’s Warba Bank mandates bookrunners for up to $250 million in Islamic bonds

By Christine Van Dusen

Atlanta, Jan. 4 – Kuwait’s Warba Bank has mandated nine banks for up to $250 million in Islamic bonds, a market source said.

Ajman Bank, Bank ABC, Emirates NBD, Standard Chartered, Abu Dhabi Islamic Bank, Kamco Investment Co., Kuwait Finance House, Noor Bank and Warba Bank are leading the Regulation S deal.

The proceeds will be used to increase the lender’s capital reserves.

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