One billion dollar medium range securities

According to BNA, Bahrain and Kuwait Bank's General Assembly of agreed to issue a one billion dollar medium range securities in order to achieve balance between loans interests and bank deposits.
Chairman of the bank board Mr.Ali Murad said in statements to the Bahraini press that the Bank used to get medium - range loans from the international markets but in order to verify funding sources one billion dollar bonds will be issued. He pointed out that the local and international monetary establishments capable to launch investments these bonds expecting to the have the agreement finalized and the bonds issued by the last quarter of this year. The Bank is funding many large long - range local and international projects and the issued bonds will implement balance between due loans and deposits, Murad said. Bonds will be registered in the Bahrain Stock Exchange immediately after being issued.