|21 November, 2019

National Bank of Kuwait sells $750mln of perpetual bonds

Citi, JPMorgan, NBK Capital and Standard Chartered were hired as global coordinators to arrange the issue

National bank of Kuwait logo, NBK logo, National bank of Kuwait (NBK) logo. Image used for illustrative purpose

National bank of Kuwait logo, NBK logo, National bank of Kuwait (NBK) logo. Image used for illustrative purpose

National bank of Kuwait

DUBAI  - National Bank of Kuwait (NBK) sold $750 million of perpetual bonds offering a 4.5% yield, a document by one of the banks leading the deal showed on Thursday.

Citi, JPMorgan, NBK Capital and Standard Chartered were hired as global coordinators to arrange the issue.

Perpetual bonds are similar to an equity instrument in that they have no maturity date.

(Reporting by Davide Barbuscia Editing by David Goodman) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: davide.barbuscia.reuters.com@reuters.net))

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