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National Bank of Kuwait talks perpetual notes at high-5% area
By Christine Van Dusen
Atlanta, March 31 – National Bank of Kuwait set talk in the high-5% area for a dollar-denominated offering of benchmark-sized perpetual notes (expected rating: Baa3), a market source said.
HSBC, Standard Chartered Bank, Citigroup, National Bank of Abu Dhabi and NBK Capital are the bookrunners for the Regulation S deal.
The notes are expected to price as soon as Wednesday.
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