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Emerging MarketsEM Middle East

'Heroic' Burgan Bank prices debut AT1 in tricky market

kuwait px230

Burgan Bank priced its debut additional tier one (AT1) bond in what bankers on the deal said were challenging conditions on Tuesday. While the point of non-viability (PONV) premium is up for debate, bankers away from the deal said that the deal looked to have been priced fairly.

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