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International bonds: Burgan Bank, 7.25% perp., USD (XS1106874198)

StatusCountry of riskMaturity (option)
Amount i
This field shows outstanding face value amount for outstanding bonds
Issue ratings (M/S&P/F)
early redeemedKuwait**/**/****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 finance the Loan to the Bank pursuant to the On-Loan Agreement (each as defined in the Conditions) in a form which meets or exceeds the requirements of Tier 1 Capital under the Capital Regulations (as defined in the Conditions), which will be used by the Bank to increase its Tier 1 Capital for the purpose of increasing its capital adequacy and for its general corporate purposes.
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
Placement date**/**/****
Early redemption date09/30/2019
Floating rateYes
Reference rate5Y USD Swap Rate
Margin5.33
Coupon RateShow
Coupon Rate
*.**%; after **.**.**** *Y USD Swap Semi Annual +*.***%;
Current coupon rate7.25%
Day count fraction***
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/.
10/02/2019*** / *** (*** / ***)*** (***)******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 RegSXS1106874198
Common Code / Common Code RegS110687419
CFI / CFI RegSDBFQQR
FIGI / FIGI RegSBBG00723LN29
WKN / WKN RegSA1ZQHS
TickerBGBKKK V7.25 PERP

Primary placement

Issuer rating on issue date (M/S&P/F)***/***/***
Placement**/**/****
Initial issue price (yield)***% ( - )
Spread over mid-swaps, bp***.*
Geographic breakdownUK - **%, Europe - **%, Asia - **%, offshore US - *%
Investor breakdownFund managers and insurance companies - **%, private banks - **%, banks - **%

Participants

Bookrunner: Citigroup, HSBC, JP Morgan, First Abu Dhabi Bank
Issuer Legal Adviser (International law): Dentons
Issuer Legal Adviser (Listing law): Dentons
Arranger Legal Adviser (International law): Allen & Overy
Arranger Legal Adviser (Domestic law): Al Ruwayeh & Partners (ASAR)
Issuer Legal Adviser (Domestic law): The Law Office of Bader Saud Al-Bader and Partners

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 typePriceRepurchased amount at par, mln
Show previous
**/**/****debt repurchase***.*****.**
**/**/****call******.**
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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