Commercial Bank of Kuwait – Initial Rating Assigned to Second Tranche of Tier 2 Subordinated Unsecured Bond (KWD50mn); First Tranche Rating Affirmed

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has assigned an issue rating of 'BBB' to the KWD50mn Basel III-compliant Tier 2 subordinated unsecured bond to be issued by Commercial Bank of Kuwait (ComBk) under its KWD100mn Subordinated Tier 2 Bond Programme.  This is the second tranche to be issued by the Bank.

At the same time, CI Ratings has affirmed the 'BBB' rating of the first KWD50mn Programme tranche, which was issued in September 2023.

Attachments

• Rating Announcement (CRA)
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