Kuwait City, Kuwait – Kuwait City, Kuwait – Meysan Partners, the Kuwait based corporate law firm, advised on the Gulf Bank issuance of the KWD 100.000.000 Tier 2 Capital Bonds which is the first for the bank since 2007. The issuance will enhance the bank’s capital base in line with Basel III guidelines.
Meysan Partners worked closely with the joint lead managers, Kuwait Financial Centre Company K.P.S.C and Kamco Investment Company K.S.C Public on the various streams of the transactions including the transaction documents and the management of the regulatory and other processes. Meysan Partners further represented Gulf Bank, before the Capital Markets Authority in Kuwait to secure the approvals on the issuance and the offering and marketing of the bonds in Kuwait.
Meysan Partners would like to congratulate the transaction team, the advisors and Gulf Bank for successfully closing the issuance locally. The firm also would like to thank the Capital Markets Authority on its tremendous effort in this transaction that is a first under the new Bonds regulations issued by the Capital Markets Authority in November 2015.
Meysan Partners team was led by Abdul Aziz Al-Yaqout and Tarek Yehya.