Rockbank's first issue of securities with the publication of an announcement that it has completed its Tier 2 by raising $250 million.
Publish dateThursday 5 September 2024 - 09:47
The issuance was met with strong investor demand, with overbooking of more than $1 billion, four times oversubscribed, the bank said.
This significant demand allowed Rakbank to cut its pricing by 42.5 basis points, reflecting investors' confidence in the bank's financial stability and growth prospects.
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Source : news agency wam
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