emirates7 - RAKBANK has successfully completed its first Tier 2 security issuance, raising US$250 million. The securities have a maturity of 10.25 years with a non-call period of 5.25 years (10.25NC5.25) and offer a coupon rate of 5.875 percent.

In a press release on Wednesday, the bank announced that the issuance received strong investor interest, being oversubscribed by four times, with peak orders surpassing $1 billion.

The significant demand allowed RAKBANK to tighten the pricing by 42.5 basis points, reflecting investor confidence in the bank's financial stability and growth potential.