Chicago, April 5 – Capital Bank of Jordan (B1) sold a landmark deal with a first-ever additional tier 1 capital securities offering from the country of Jordan, according to multiple press releases.
The $100 million of perpetual securities are Basel III-compliant and were distributed via Regulation S.
The securities are trading on Nasdaq Dubai.
Capital Investments (DIFC) Ltd. was the structuring agent and Capital Investments and Brokerage Co./Jordan Ltd. was the manager.
| Issuer: | Capital Bank of Jordan
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| Amount: | $100 million
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| Issue: | Additional Tier 1 securities
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| Maturity: | Perpetual
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| Bookrunners: | Capital Investments (DIFC) Ltd. and Capital Investments and Brokerage Co./Jordan Ltd.
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| Counsel to issuer: | Simmons & Simmons
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| Counsel to bookrunners: | Akin Gump Strauss Hauer & Feld
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| Settlement date: | Feb. 24
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| Issuer ratings: | Moody’s: B1
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| Distribution: | Regulation S
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