The bond was issued through a non-public offering (private placement) at a fixed interest rate of 7.0% pa payable every six months. The Bank explained that the issuance was a requirement of Basel III to strengthen the capital base and diversify funding sources. Capital Investments, a wholly-owned subsidiary of Capital Bank, provides corporate finance, asset management, and brokerage services locally, regionally, and globally to companies, governments, and individual clients, as well as unique services in the Iraqi market through the National Bank of Iraq (NBI).

Commenting on the bond issuance, Capital Bank Chairman, Bassem Khalil Al-Salem, stated: "This is the second of its kind for the Bank after the first issuance in 2014, and I am delighted to announce our success in issuing the 40 million dollars through the non-public offering.

The proceeds will be used to promote and develop the digital infrastructure of Capital Bank in order to enhance the services offered to its customers." This second issuance by Capital Bank, in conjunction with Capital Investments, has attracted a diverse base of investors from banks to insurance companies to institutional investors and other High Net Worth Individuals.

Al-Salem praised the efforts made by Capital Investments to manage and execute the issuance of the loan bond to Capital Bank, which has seen increasing demand from many investors and stakeholders, reflecting the strong confidence placed on the financial strength and creditworthiness of Capital Bank. It is noteworthy to mention that Capital Investments successfully managed and issued the first syndicated loan bond to Capital Bank in 2014, valued at USD 25 million, with early amortization completed at the beginning of March 2019.