Kuwait's Burgan Bank plans to issue a bond worth up to 200 million dinars ($711 million), a local newspaper reported on Monday, citing unnamed sources.
Burgan Bank, which is in the process of buying Eurobank's Turkish arm, declined immediate comment on the report in al-Qabas newspaper, which said the bond would be marketed before the end of this year.
The bond will have a maturity of between seven and 10 years and yield around 6.00 to 6.25 percent, the report said, adding that Kuwait's central bank and markets authority would give approval for the issue soon.
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