National Bank of Kuwait KD125 million Tier 2 bond issue

18/11/2015

Investment grade bond/note issue

Value:

KD 125 million

Dollar value:

$ 410.150 million

Status:

Completed

Date:

18/11/2015

Overview:

National Bank of Kuwait (NBK) has undertaken a KD125 million subordinated Tier 2 bond issue.
The fixed and floating rate notes due in 2025 are the first Tier 2 Basel III compliant issue by a local bank in Kuwait.
Watani Investment Bank and KAMCO Investment Company acted as joint lead managers.

Sam Duke - Editor

Jurisdiction:

Kuwait

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Industry sector:

Banking

Firm:

ASAR - Al Ruwayeh & Partners

Party: Watani Investment Bank (Joint lead manager)

Party: Kamco Investment Company (Joint lead manager)

Lawyers: Ibrahim Sattout, John Cunha, Rob Little

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