The National Bank of Ras Al Khaimah (RAKBANK) has announced a mandate for a $300 million fixed rate resettable unrated USD-denominated Regulation S Perpetual non-call 6-year additional tier 1 capital issuance, contingent upon market conditions. The bank holds ratings of Baa1 (Positive) from Moody’s and BBB+ Stable from Fitch. Several banks have been appointed to...
The International Free Zone Authority (IFZA) has officially announced a strategic partnership with RAKBANK, aimed at empowering businesses with tailored banking solutions. This collaboration is designed to support the ongoing mission of IFZA to provide seamless business services for companies operating within its free zone. Under this partnership, both organizations will work together to create...