Subscription opens for BBK’S BD 100 million convertible capital securities offering

 

 

Manama, Kingdom of Bahrain – 3 April 2016: BBK and Securities & Investment Company (SICO) jointly announce the opening for subscription on Sunday 3 April 2016 of BBK’s BD 100 million (US$ 265.3mn) perpetual tier 1 convertible capital securities offering, which will close on Monday 18 April 2016.

 

BBK, a leading retail bank in the Kingdom of Bahrain, is the Issuer and Receiving Bank; while SICO, a prominent Bahrain-based GCC wholesale bank, is the Lead Manager of this first-of-its-kind Bahrain Dinar-denominated perpetual convertible capital securities issuance. 

The full press release in English & Arabic can be downloaded here