Saturday, 20 February , 2021     |     461      |      +      |     

National Bank of Kuwait sells $700mln AT1 bonds

National Bank of Kuwait sells $700mln AT1 bonds : Google
  • Business

The National Bank of Kuwait launched $700 million Additional Tier 1 bonds on Thursday at 3.625%, a document showed.


It had given initial price guidance of about 4% for the bonds, which are non-callable for six years.

AT1 bonds, the riskiest debt instruments banks can issue, are designed to be perpetual in nature, but lenders can call them after a specified period.

Citi, HSBC, JPMorgan, NBK Capital, Standard Chartered and UBS arranged the deal.

 

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Category: #Business, #Kuwait News | 2021/02/20 latest update at 2:00 PM
Source : Zawya | Photocredit : Google
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