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National Bank of Kuwait sets IPTs for benchmark dollar Tier 1 bond
DUBAI, March 31 (Reuters) - National Bank of Kuwait (NBK)
, the Gulf state's largest lender, has set initial
price thoughts for a benchmark U.S. dollar perpetual Tier 1 bond
issue, which could price as early as Wednesday, a document from
lead arrangers showed.
Initial price thoughts were set in the high 5 percent area.
The bond will be issued through a special purpose vehicle, NBK
Tier I Financing Ltd, and be guaranteed by NBK, which is rated
A-plus by Standard and Poor's and Aa3 by Moody's.
HSBC and Standard Chartered were the joint global
coordinators for the investor roadshow, which ended on Tuesday.
Citigroup, HSBC, National Bank of Abu Dhabi, NBK Capital and
Standard Chartered are joint lead managers.
(Reporting by Archana Narayanan; Editing by Andrew Torchia)
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DUBAI, March 31 (Reuters) - National Bank of Kuwait (NBK)
, the Gulf state's largest lender, has set initial
price thoughts for a benchmark U.S. dollar perpetual Tier 1 bond
issue, which could price as early as Wednesday, a document from
lead arrangers showed.
Initial price thoughts were set in the high 5 percent area.
The bond will be issued through a special purpose vehicle, NBK
Tier I Financing Ltd, and be guaranteed by NBK, which is rated
A-plus by Standard and Poor's and Aa3 by Moody's.
HSBC and Standard Chartered were the joint global
coordinators for the investor roadshow, which ended on Tuesday.
Citigroup, HSBC, National Bank of Abu Dhabi, NBK Capital and
Standard Chartered are joint lead managers.
(Reporting by Archana Narayanan; Editing by Andrew Torchia)
[You must be registered and logged in to see this link.]
