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Prospect News home > News index > List of issuers Tenders > Headlines for 2024 > News item
Published on 3/27/2024 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

KHCB Tier 1 Sukuk calls $159.15 million additional tier 1 securities

By Marisa Wong

Los Angeles, March 27 – KHCB Tier 1 Sukuk Ltd. (Khaleeji Commercial Bank) will redeem all of its outstanding $159,151,000 additional tier 1 capital securities, according to a notice.

The certificates will be redeemed in full on March 28.

Certificateholders will have the option to convert the securities into ordinary shares or have them redeemed.

The issuer is based in the Cayman Islands. The Islamic bank is based in Bahrain.


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