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Kuwait's Burgan Bank to redeem subordinated debt worth $730 mln
Burgan Bank, Kuwait's third-largest lender by assets, will redeem $730 million in subordinated bonds denominated in U.S. dollars and Kuwaiti dinars as they will not be eligible to boost the bank's capital under Basel III rules, it said on Tuesday. After the announcement investors dumped the affected dollar-denominated bond, with…
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Click here to read the full story: Reuters