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Bayan Bank completes sukuk issuance
Boubyan Bank announced the successful issuance of perpetual sukuk bonds within the first tier of capital, amounting to 90 million Kuwaiti dinars, to be repaid on September 17, 2031, with a profit rate of 5.50%. The sukuk, rated by three high-grade rating agencies, will strengthen the bank's capital base and support its financial performance, with a positive response from investors regarding the performance level and banking activity.
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