IFLR1000

National Bank of Kuwait $700 million 5.750% Tier 1 bond issue

9/4/2015
Investment grade bond/note issue
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$ 700 million

Completed

9/4/2015

Overview:

  • National Bank of Kuwait (NBK) has undertaken a $700 million perpetual Tier 1 bond issue.
  • The 5.750% bonds are listed on the Irish Stock Exchange.
  • HSBC and Standard Chartered Bank acted as global coordinators and together with Citigroup, National Bank of Abu Dhabi and NBK Capital as joint lead managers, on the issuance of the Capital Securities.
  • Union National Bank acted as co-lead manager.

Sam Duke - Editor

Jurisdictions:

Ireland
Kuwait
United Arab Emirates

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Industry sector:

Banking

Firms:
A&O Shearman

Party: National Bank of Kuwait (Guarantor)

Lawyers: Anzal Mohammed, Bilal Ahmad

ASAR - Al Ruwayeh & Partners

Party: National Bank of Kuwait (Issuer)

Lawyers: Ibrahim Sattout, John Cunha, Rob Little

Bader Saud Al-Bader & Partners

Party: HSBC (Joint lead manager)

Party: Standard Chartered (Joint lead manager)

Party: Citigroup (Joint lead manager)

Party: National Bank of Abu Dhabi (Joint lead manager)

Party: NBK Capital (Joint lead manager)

Dentons

Party: HSBC (Joint lead manager)

Party: Standard Chartered (Joint lead manager)

Party: Citigroup (Joint lead manager)

Party: National Bank of Abu Dhabi (Joint lead manager)

Party: NBK Capital (Joint lead manager)

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