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RAK Bank announces euro medium-term note scheme

: Tuesday, June 10 - 2014 @ 17:43

The Abu Dhabi market index (ADXG) lost for the third day straight, ending down by 1.60 per cent to 4,869.67 points on Tuesday, June 10. Sector indices lost across the board, with the exception of services. RAK Bank closed unchanged at AED8.23. Earlier in the day, the national bank of Ras Al Khaima revealed in a filing to the market that it will establish a euro medium-term note programme in order to issue bonds of global investors outside of the US. The scheme is planned to be licensed on the Cayman Islands and will be listed on the Irish bourse.

 

Gérard Al-Fil

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Tuesday, June 10- 2014 @ 17:43 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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