Slaughter and May advised Ahli United Bank B.S.C. (AUB), a leading bank based in Bahrain with operations in Bahrain, Kuwait, Egypt, Iraq, Oman, Libya and the UK, on the issue of US$400 million 6.875% Perpetual Tier 1 Capital Securities. This is the first issuance of Basel III-compliant Tier 1 securities in Bahrain.

CONTACTS

Financing: Ed Fife (partner), Edward Comber (associate), Christel Kayibi (associate); Tax: Gareth Miles (partner), Stefan Farahani (associate).