NEWS DESK

RAKBANK has successfully completed its first Additional Tier 1 (AT1) security issuance, raising USD 300 million

RAKBANK has successfully completed its first Additional Tier 1 (AT1) security issuance, raising USD 300 million. The perpetual securities have a no-call period of six years (PerpNC6) and carry a coupon rate of 6.625%.

The issuance was met with strong investor demand, allowing RAKBANK to tighten pricing by 37.5 basis points. This reflects investor confidence in the Bank’s financial strength and growth outlook.

The additional capital strengthens the Bank’s ability to support lending activities, invest in strategic initiatives, and reinforce its competitive position. It also enables RAKBANK to continue delivering innovative financial products and services to its customers.

PR News Desk

PR News Desk

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