National Bank of Ras Al Khaimah (RAK Bank), founded in 1976 and headquartered in Ras Al Khaimah, UAE, serves to provide a wide range of banking services tailored for personal and business needs. The bank offers an array of financial products, including retail banking, corporate banking, and investment services, aimed at fostering economic growth within the region.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| RAKBNK 5.87% 2034-12-10 USDNational Bank of Ras Al Khaimah | United Arab Emirates | 2034-12-10 | 5.873 | 5.82 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
RAK Bank has been active in the bond market since 2012, issuing various debt instruments to augment its capital base. Notable issuances include a $500 million bond in 2018 with a yield of 4.25%, which attracted significant interest from investors. In 2021, the bank introduced a green bond framework, aligning with sustainable financing efforts, and issued its debut green bond worth $300 million. Currently, its bond yields are competitive within the industry, emphasizing a focus on transparency and investor return.