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RAKBank

RAKBANK Raises $300M in First AT1 Capital Issuance

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RAKBANK has successfully completed its inaugural Additional Tier 1 (AT1) capital issuance, raising US$300 million. The perpetual securities include a non-call period of six years (PerpNC6) and offer a coupon rate of 6.625%. The issuance received strong investor interest, enabling the Bank to tighten pricing by 37.5 basis points. This response reflects market confidence in […]

The post RAKBANK Raises $300M in First AT1 Capital Issuance appeared first on Fintechnews Middle East.

EDB and RAKBANK Launch AED 1 Billion Fund to Support UAE MSMEs

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In a move to support MSMEs in the UAE, Emirates Development Bank (EDB) and RAKBANK have launched a joint financing initiative worth AED 1 billion. Announced during the Make it in the Emirates Forum at the ADNEC Centre in Abu Dhabi, the programme aims to improve access to funding for businesses in key national sectors. […]

The post EDB and RAKBANK Launch AED 1 Billion Fund to Support UAE MSMEs appeared first on Fintechnews Middle East.

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