National Bank of Kuwait markets $300mln in Tier 2 bonds - sources

Citi and NBK Capital are arranging the deal, which is expected to close later on Tuesday

  
National bank of Kuwait logo, NBK logo.

National bank of Kuwait logo, NBK logo.

National bank of Kuwait

DUBAI  - National Bank of Kuwait has given initial price guidance of 2.875% for $300 million in Tier 2 bonds with a 10-year maturity that are non-callable for five years, two sources said.

Citi and NBK Capital are arranging the deal, which is expected to close later on Tuesday, the sources said. Citi and NBK did not immediately respond to requests for comment.

(Reporting by Yousef Saba; Editing by Jacqueline Wong) ((Yousef.Saba@thomsonreuters.com; +971562166204))

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