RAKBANK announced ) on the completion of the first successful issuance of Additional Tier 1 Capital Bonds ( AT1) ), worth US$300 million.

Dubai(News Desk):: In a strategic move that reflects the strength of its financial position and the growing investor confidence, RAKBANK announced (RAKBANK) announces the successful completion of the first issuance of Additional Tier 1 Capital Bonds ( AT1) ), worth US$300 million. .

These perpetual bonds come with a six-year blackout period. (PerpNC6) It offers an annual return of 6.625% , which has attracted significant investor interest and enabled the bank to reduce its pricing margin by 37.5 basis points, a strong indicator of customer confidence in the bank’s financial solvency and future growth prospects.

This achievement represents a significant step towards strengthening the bank’s capital base. It is a fundamental pillar for supporting the expansion of lending and financing operations, investing in strategic initiatives, and consolidating RAKBANK’s competitive position in the banking sector. This will enable it to continue developing and innovating, and providing advanced financial solutions and banking services that meet and exceed the aspirations of its customers.