Gulf banks join regulatory capital party

摘要

Middle East banks are taking advantage of cheap borrowing costs to optimise their capital structure even though most countries in the region have yet to fully implement Basel Ⅲ rules. national bank of Kuwait priced a 5.75% US$700m perpetual non-call six-year inaugural Additional Tier 1 bond issue on Wednesday, becoming the latest bank in the region to sell this type of instrument.