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International bonds: Burgan Bank, 5.7492% perp., USD (XS2019231823)

StatusCountry of riskMaturity (option)
Amount i
This field shows outstanding face value amount for outstanding bonds
Issue ratings (M/S&P/F)
outstandingKuwaitUndated (**/**/****)500,000,000 USD***/***/***
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Yield calculation

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Issue information

BorrowerBurgan Bank
Bond typeCoupon bonds
Placement methodOpen subscription
Placement typePublic
Issue purposeShow
Issue purpose
The proceeds from the issue of Capital Securities will be used by the Issuer to increase its Tier 1 Capital for the purpose of increasing its capital adequacy, for its general corporate purposes and to fund, wholly or in part, the purchase of the U.S.$500,000,000 Perpetual Tier 1 Capital Securities issued by Burgan Tier 1 Financing Limited on 30 September 2014 and guaranteed by the Issuer.
Par amount, integral multiple1,000 USD
Nominal of international bonds1,000 USD
Minimum settlement amount200,000 USD
Outstanding principal amount200,000 USD
Amount500,000,000 USD
Outstanding face value amount500,000,000 USD
Placement date**/**/****
Redemption price100%
Floating rateYes
Reference rate5Y USD Swap Rate
Margin4.01
Coupon RateShow
Coupon Rate
*.****% until **.**.****, then *Y USD SWAP rate + *.***%
Current coupon rate5.7492%
Day count fraction***
ACI*** (12/10/2019)
Coupon frequency2 time(s) per year
Interest accrual date**/**/****
ListingIrish S.E.

Related issues

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Cbonds Valuation
i
Indicative bond and international bond quotes by Cbonds are calculated based on the methodology. The end result of the methodology is a single end-of-day Cbonds quote, which is based on bid and ask data of various trading floors and contributors working with this asset.
:

Trading floorDate and timeBid/ ask price (Yield)
Indicative price (Yield) i
Indicative price is used to calculate the effective yield, duration, modified duration and is calculated according to the following priority of prices: weighted average price (Average), market price (Market), closing price (Close), admitted price (Admitted), middle price (Mid), last price (Last). Indicative yield is calculated according to the following priority of yields: yield to maturity (effective), yield to put/call (effective), current yield.
G-spread
T-spread, bp i
T-spread is calculated as the difference between the issue yield and the yield on government securities of the USA, Great Britain and Germany in the corresponding issue currency and with comparable modified duration (the calculations are based on the effective yields only). The value is computed only for issues in USD, EUR, GBP.
CBONDS ESTIMATION
i
Indicative bond and international bond quotes by Cbonds are calculated based on the methodology described here http://ru.cbonds.com/organizations/docdownload/8715.
The end result of the methodology is a single end-of-day Cbonds quote, which is based on bid and ask data of various trading floors and contributors working with this asset.
Quotes are published both anonymously and publicly in the section Bond Quotes by Market Participants: http://cbonds.com/quotes/market/. These quotes are indicative only. Organizations posting the quotes have no obligations to conduct transactions at these prices. To learn the actual current prices, you need to contact the respective organization. Trading floor quotes are available at http://cbonds.com/quotes/.
12/09/2019*** / *** (*** / ***)*** (***)******Archive
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Bond Quotes by Market Participants

Market participantDate and timeBid/ask or last price
(Yield)
Mashreqbank12/09/2019***.** / ***.**
(*.** / *.**)
Anonymous participant 1212/06/2019***.**
(*.**)
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Price chart

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Stock exchange and OTC quotes

Trading floorDate and timeBid/ ask price (Yield)
Indicative price (Yield) i
Indicative price is used to calculate the effective yield, duration, modified duration and is calculated according to the following priority of prices: weighted average price (Average), market price (Market), closing price (Close), admitted price (Admitted), middle price (Mid), last price (Last). Indicative yield is calculated according to the following priority of yields: yield to maturity (effective), yield to put/call (effective), current yield.
G-spread
T-spread, bp i
T-spread is calculated as the difference between the issue yield and the yield on government securities of the USA, Great Britain and Germany in the corresponding issue currency and with comparable modified duration (the calculations are based on the effective yields only). The value is computed only for issues in USD, EUR, GBP.
STUTTGART EXCHANGE12/09/2019*** / *** (*** / ***)*** (***)******Archive
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Bond classification

Subordinated
Sinkable bond
Perpetual
Convertible
Structured product
Restructuring
Securitization
Mortgage bonds
Trace-eligible
Covered
Foreign bonds
CDO
Sukuk
Retail bonds
Supranational bond issues
Green bonds
Non-Marketable Securities

Identifiers

ISIN / ISIN RegSXS2019231823
Common Code / Common Code RegS201923182
CFI / CFI RegSDBFXQR
FIGI / FIGI RegSBBG00PMGGQ27
WKN / WKN RegSA2R4YK
SEDOLBKLGFM3
TickerBGBKKK V5.7492 PERP

Primary placement

Issuer rating on issue date (M/S&P/F)***/***/***
Placement**/**/****
Initial issue price (yield)***% ( - )

Participants

Depository: Clearstream Banking S.A., Euroclear Bank
Bookrunner: Bank ABC, Citigroup, Emirates NBD, First Abu Dhabi Bank, HSBC, JP Morgan, Standard Chartered Bank, National Bank of Kuwait
Arranger Legal Adviser (International law): Allen & Overy

Payment schedule

*****

Coupon dateCoupon, %Coupon payment amount, USDRedemption of principal, USD
Show previous
1**/**/*****.*****,***.**
2**/**/*****.*****,***.**
3**/**/*****.*****,***.*
4**/**/*****.*****,***.*
5**/**/*****.*****,***.*
6**/**/*****.*****,***.*
7**/**/*****.*****,***.*
8**/**/*****.*****,***.*
9**/**/*****.*****,***.*
10**/**/*****.*****,***.*
Show following
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Early redemption terms

*****

DateOption typeOption stylePrice
Show previous
**/**/****callEuropean option***
Show following
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Issuer ratings

Burgan Bank

Rating AgencyRating / OutlookScaleDate
Fitch Ratings***/***LT Int. Scale (foreign curr.)09/30/2019
Moody's Investors Service ***/***LT- local currency01/19/2016
Moody's Investors Service ***/***LT- foreign currency01/19/2016
S&P Global Ratings***/***Foreign Currency LT03/13/2013
S&P Global Ratings***/***Local Currency LT03/13/2013
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Consolidated IFRS reports

year 1 Q 2 Q 3 Q 4 Q
2019
1.1 M eng
0.48 M eng
2018
0.38 M eng
0.39 M eng
0.39 M eng
3 M eng
2017
2.68 M eng
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