Kuwait’s Warba Bank talks $250 million perpetual Islamic bonds at 6˝%-6 5/8% yield

By Christine Van Dusen

Atlanta, March 7 – Kuwait’s Warba Bank set talk at 6˝% to 6 5/8% for a $250 million offering of perpetual 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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