Subscription to BBK Capital securities offering Exceeded 86%

 

Manama, Kingdom of Bahrain – 19 April 2016: BBK, a leading Bahrain-based retail bank, announced today the subscription results and allotment basis of its BD 100 million (US$ 265.3mn) perpetual tier1 convertible capital securities offering on a rights privileged basis to shareholders, for which Securities & Investment Company (SICO) is the lead manager.

 

The subscribed capital securities totalled BHD 86,098 million, which represents 86.1 per cent of the total subscription offering. Accordingly, subscribed capital securities will be allotted to the corresponding subscribers in full.

 

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