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National Bank of Kuwait plans dollar-denominated perpetual notes
By Rebecca Melvin
New York, Nov. 21 – National Bank of Kuwait is offering perpetual unsecured notes denominated in U.S. dollars, a market source said on Thursday.
The notes are non-callable for six years.
J.P. Morgan Securities plc, Citigroup, NBK Capital, Standard Chartered Bank, HSBC and UBS are the stabilizing managers for the Regulation S and Rule 144A bonds, which will be issued through NBK Tier 1 Financing (2) Ltd.
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