News & Credit Rating Announcements
02 June 2021 | Country: Kuwait | Bank: Gulf Bank KSCP
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Gulf Bank's KWD100mn Subordinated Bond Issue Rating Withdrawn Due to Early Redemption
Overview
Capital Intelligence (CI Ratings or CI) today announced that it has withdrawn the 'BBB+' issue rating assigned to Gulf Bank's KWD100mn Tier 2 Subordinated bond. The Bank has exercised the call option and this issue was redeemed on 30 May 2021. The Outlook on the rating was Stable.
Attachments
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Rating Announcement (CRA)
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