As Kuwait International Bank K.S.C.P. (KIB) continues to develop its capital markets platform, ASAR acted as local counsel on the update of the bank’s trust certificate programme and the issuance of U.S.$300,000,000 Tier 2 Capital Certificates.

The programme update saw its limit increased from US$300 million to US$1.5 billion, providng a more flexible framework for future issuances. The Tier 2 Capital Certificates (11NC6), issued under the updated programme, carry a profit rate of 5.35% per annum.

ASAR’s capital markets team regularly supports financial institutions across Kuwait on regulatory capital solutions and programme updates, drawing on extensive experience with the country’s evolving market infrastructure.

The team advising KIB included: Rob Little, John Cunha, and Mariam Al Rashed.

To learn more about ASAR’s capital markets and regulatory advisory capabilities, visit our Capital Markets page