Tuesday, Jul 17, 2012
BEIRUT (Zawya Dow Jones)--Bank of Bahrain and Kuwait, or BBK, is looking for opportunities to buy bonds, especially Gulf bonds, on the capital markets, Manama-based Al Wasat daily reports Tuesday citing an executive.
BBK has purchased $100 million worth of sovereign bonds launched by the country's central bank last month, Abdulkarim Bucheery, the bank's chief executive, told the paper.
BBK bought bonds worth $25 million on the main market and the remaining $75 million on the secondary market, he told Al Wasat.
Newspaper website: http://www.alwasatnews.com/3601/news/read/688513/1.html
-By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
17-07-12 0651GMT
