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 RAKBANK’s financial stability and long-term growth prospects.

The capital raised will enhance the Bank’s capacity to support lending, invest in strategic initiatives, and strengthen its competitive position.

It will also enable RAKBANK to continue providing innovative financial products and services to its customers.

Featured image credit: RAKBANK