The National Bank of Kuwait launched $700 million Additional Tier 1 bonds on Thursday at 3.625%, a document showed.
Rafael Nadal married his childhood sweetheart of 14 years, Xisca Perello, at a castle in Mallorca on Saturday. Nadal,…6 | the publication reaches you by | Kuwait Online
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.
Against the backdrop of the unprecedented conditions brought on by the COVID-19 pandemic, Boursa Kuwait saw a net profit…10 | the publication reaches you by | Kuwait Online