yota691 Posted March 31, 2015 Report Share Posted March 31, 2015 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 initialprice thoughts for a benchmark U.S. dollar perpetual Tier 1 bondissue, which could price as early as Wednesday, a document fromlead arrangers showed.Initial price thoughts were set in the high 5 percent area.The bond will be issued through a special purpose vehicle, NBKTier I Financing Ltd, and be guaranteed by NBK, which is ratedA-plus by Standard and Poor's and Aa3 by Moody's.HSBC and Standard Chartered were the joint globalcoordinators for the investor roadshow, which ended on Tuesday.Citigroup, HSBC, National Bank of Abu Dhabi, NBK Capital andStandard Chartered are joint lead managers.(Reporting by Archana Narayanan; Editing by Andrew Torchia) Link to comment Share on other sites More sharing options...
captl1 Posted March 31, 2015 Report Share Posted March 31, 2015 Thanks Yota Link to comment Share on other sites More sharing options...
Recommended Posts