Bank of Bahrain and Kuwait (BBK), Bahrain’s fourth-largest bank by assets, is raising its capital by BD100 million (approximately $265 million) through an issue of convertible bonds, it has emerged. The proposal to launch the convertible bonds issue in the first week of March was approved during an extraordinary general meeting (EGM) of shareholders yesterday (January 28), said a report in the Gulf Daily News (GDN), our sister publication.

 

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