Mashrebk FRN 28Mashrebk FRN 28Mashrebk FRN 28

Mashrebk FRN 28

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Key terms


Outstanding amount
‪50.00 M‬USD
Face value
200,000.00USD
Minimum denomination
Coupon
6.37% (Variable)
Coupon frequency
Quarterly
Yield to maturity
6.37%
Maturity date
Apr 19, 2028
Term to maturity
3 years

About Mashrebk FRN 28


Sector
Finance
Industry
Regional Banks
Issue date
Apr 19, 2023
ISIN
XS2614600414
FIGI
BBG01G8HHZ92
MashreqBank PSC engages in the provision of banking and financial services. It operates through the following segments: Wholesale, Retail, Treasury & Capital Markets, Insurance, and Other. The Wholesale segment comprises of corporate and commercial banking which includes global financial Institution and corporate business. The Retail segment includes products and services offered to individuals or small businesses within the United Arab Emirates and Egypt. The Treasury & Capital Markets segment consists of customer flow business and proprietary business and funding center management. The Insurance segment refers to the subsidiary, Oman Insurance Company (PSC) Group, which operates the insurance segment. The Other segment covers the head office and certain investments and assets held centrally. The company was founded on January 1, 1967 and is headquartered in Dubai, United Arab Emirates.
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