Warba Bank plans to sell new dollar-denominated tier 1 certificates

Chicago, Nov. 15 – Warba Bank KSCP said that it plans to sell new dollar-denominated tier 1 capital certificates to fund a $250 million tender offer, according to an announcement.

The certificates will be issued by Warba Tier 1 Sukuk (2) Ltd.

Dealer managers for the related tender offer are Emirates NBD Bank PJSC, HSBC Bank plc and Standard Chartered Bank.

The commercial bank is based in Kuwait.

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