Status | Country of risk | Maturity (option) | Amount
i This field shows outstanding face value amount for outstanding bonds
| Issue ratings (M/S&P/F) |
---|---|---|---|---|
outstanding | Kuwait | Undated (**/**/****) | 500,000,000 USD | ***/***/*** |
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Borrower | Burgan Bank |
Bond type | Coupon bonds |
Placement method | Open subscription |
Placement type | Public |
Issue purpose | Show 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 multiple | 1,000 USD |
Nominal of international bonds | 1,000 USD |
Minimum settlement amount | 200,000 USD |
Outstanding principal amount | 200,000 USD |
Amount | 500,000,000 USD |
Outstanding face value amount | 500,000,000 USD |
Placement date | **/**/**** |
Redemption price | 100% |
Floating rate | Yes |
Reference rate | 5Y USD Swap Rate |
Margin | 4.01 |
Coupon Rate | Show Coupon Rate *.****% until **.**.****, then *Y USD SWAP rate + *.***% |
Current coupon rate | 5.7492% |
Day count fraction | *** |
ACI | *** (12/10/2019) |
Coupon frequency | 2 time(s) per year |
Interest accrual date | **/**/**** |
Listing | Irish S.E. |
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Trading floor | Date and time | Bid/ 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.
| |
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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 |
Market participant | Date and time | Bid/ask or last price (Yield) | |
---|---|---|---|
Mashreqbank | 12/09/2019 | ***.** / ***.** (*.** / *.**) | |
Anonymous participant 12 | 12/06/2019 | ***.** (*.**) |
Trading floor | Date and time | Bid/ 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.
| |
---|---|---|---|---|---|---|
12/09/2019 | *** / *** (*** / ***) | *** (***) | *** | *** | Archive |
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 |
ISIN / ISIN RegS | XS2019231823 |
Common Code / Common Code RegS | 201923182 |
CFI / CFI RegS | DBFXQR |
FIGI / FIGI RegS | BBG00PMGGQ27 |
WKN / WKN RegS | A2R4YK |
SEDOL | BKLGFM3 |
Ticker | BGBKKK V5.7492 PERP |
Issuer rating on issue date (M/S&P/F) | ***/***/*** |
Placement | **/**/**** |
Initial issue price (yield) | ***% ( - ) |
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 |
*****
Coupon date | Coupon, % | Coupon payment amount, USD | Redemption of principal, USD | ||
---|---|---|---|---|---|
Show previous | |||||
1 | **/**/**** | *.**** | *,***.** | ||
2 | **/**/**** | *.**** | *,***.** | ||
3 | **/**/**** | *.**** | *,***.* | ||
4 | **/**/**** | *.**** | *,***.* | ||
5 | **/**/**** | *.**** | *,***.* | ||
6 | **/**/**** | *.**** | *,***.* | ||
7 | **/**/**** | *.**** | *,***.* | ||
8 | **/**/**** | *.**** | *,***.* | ||
9 | **/**/**** | *.**** | *,***.* | ||
10 | **/**/**** | *.**** | *,***.* | ||
Show following |
*****
Date | Option type | Option style | Price | |
---|---|---|---|---|
Show previous | ||||
**/**/**** | call | European option | *** | |
Show following |
Rating Agency | Rating / Outlook | Scale | Date |
---|---|---|---|
Fitch Ratings | ***/*** | LT Int. Scale (foreign curr.) | 09/30/2019 |
Moody's Investors Service | ***/*** | LT- local currency | 01/19/2016 |
Moody's Investors Service | ***/*** | LT- foreign currency | 01/19/2016 |
S&P Global Ratings | ***/*** | Foreign Currency LT | 03/13/2013 |
S&P Global Ratings | ***/*** | Local Currency LT | 03/13/2013 |