The Bank, rated Aaa/AAA/AAA by Moody’s, S&P and Fitch (all stable outlook), successfully priced the 5-year Trust Certificates under its US$25 billion Trust Certificate Issuance Programme. It was priced at par with a profit rate of 0.908% to be payable on semi-annual basis. This is the Bank’s second public issuance in 2020.

The Joint Lead Managers and Joint Bookrunners for this issuance are Citi, Credit Agricole CIB, Emirates NBD, GIB Capital, HSBC, Islamic Corporation for the Development of the Private Sector (ICD), NATIXIS, Société Générale CIB and Standard Chartered Bank. Kuwait International Bank was the co-manager.