PONV no problem for Middle Eastern banks as Burgan prices AT1

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PONV no problem for Middle Eastern banks as Burgan prices AT1

kuwait px230

Kuwait's 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) trigger premium is up for debate, bankers say that Middle Eastern banks will only have to pay up marginally to issue Basel III debt.

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