National Bank of Kuwait plans dollar benchmark six-year senior notes; talk emerges

By Marisa Wong and Cristal Cody

Los Angeles, Sept. 9 – National Bank of Kuwait SAKP is planning a dollar-denominated benchmark offering of six-year non-call five-year fixed-rate senior notes, according to a notice.

Spread talk on the tranche has the notes coming in the Treasuries plus 115 basis points area.

The notes will be issued through NBK SPC Ltd.

J.P. Morgan Securities plc, Citigroup Global Markets Ltd., Watani Investment Co. KSCC (NBK Capital), Goldman Sachs International, HSBC Bank plc, Merrill Lynch International, MUFG Securities EMEA plc and Standard Chartered Bank are managers for the offering.

The notes will be listed on the Irish Stock Exchange.

The bank is based in Kuwait City.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.