SICO Acts as Joint Lead Manager for Bank of Bahrain and Kuwait’s (BBK) USD Benchmark Bond Offering
SICO BSC (c), a leading regional asset manager, broker, and investment bank, with direct presencein Bahrain, UAE, and Saudi Arabia, has successfully completed its mandate as Joint Lead Manager(JLM) and Joint Bookrunner along with regional and international banks for BBK’s USD benchmark5-year bond, yielding 6.875%.
Commenting on the deal, Wissam Haddad, Group Head of Investment Banking at SICO, said,“We are proud to have supported BBK together with other leading regional and global banks on theirbond issuance, with the order book closing at approximately USD 1 billion. This success is atestament to BBK’s robust financial performance and leading market position. Our commitment liesin opening new avenues of funding for our clients in the GCC, providing access to a broader pool ofliquidity. Through our regional footprint, comprehensive service offering, award winning investmentbanking services, and extensive research provision, we have a unique edge in these markets, andwe intend to further increase our advisory focus on debt capital markets.”
SICO Investment Banking has an established track record as a market leader and the partner ofchoice for M&A deals and IPOs in Bahrain. The SICO team has advised on some of the country’slargest and most complex transactions such as the KFH/AUB acquisition and dual listing, one of thelargest banking acquisitions in recent history, the APM Terminals IPO, the most successful IPO onthe Bahrain Bourse in a decade, and the acquisition of Bahrain Islamic Bank (BISB) by NationalBank of Bahrain (NBB).
