National Bank of Kuwait talks dollar-denominated five-year notes at mid-swaps plus 115 bps area

By Colin Hanner

Chicago, May 22 – National Bank of Kuwait is offering a five-year senior unsecured dollar-denominated bonds, a market source said.

Price talk for the bonds (Aa3//AA-) is in the mid-swaps plus 115 basis points area, revised from the mid-swaps plus 125 bps area.

JPMorgan, Citigroup, HSBC, NBK Capital, First Abu Dhabi Bank and Standard Chartered are the stabilizing managers for the deal.

The Regulation S and Rule 144A bonds will be issued through NBK SPC Ltd.

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