Kuwait's Burgan Bank (BURG.KW) raised $400 million in a 10-year bond sale on Thursday, at a coupon rate of 7.875 percent.
The dollar-denominated bond sale attracted a final book size of $1.5 billion, one source with a lead bank said, signalling the issue was oversubscribed nearly four times by investors.
Burgan Bank is the commercial banking arm of Kuwait Projects Co (KIPCO) (KPRO.KW), the country's largest investment company by assets, which priced a $500 million 10-year bond in July at 9.5 percent.
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