Kuwaiti bank NBK to price $700 mln capital-boosting bond on Weds -leads

April 1, 2015 12:43 PM

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DUBAI, April 1 (Reuters) - National Bank of Kuwait (NBK) has launched a $700 million capital-boosting bond, which is expected to price later on Wednesday, a document from lead managers showed.

The size is higher than the $650 million indicated earlier in the day. The bond, which will enhance the Tier 1 - or core - capital of the Gulf state's largest lender, will price to yield 5.75 percent.

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