Kuwaiti bank NBK sets price guidance for capital-boosting bond, to price Weds

April 1, 2015 8:25 AM

64 0

DUBAI, April 1 (Reuters) - National Bank of Kuwait (NBK), the Gulf state's largest lender, has set price guidance for a dollar-denominated bond issue that will enhance its capital reserves and should price later on Wednesday, a document from lead arrangers showed.

The lender has set price guidance for the bond, which will boost its Tier 1 -- or core -- capital, at 5.875 percent on Wednesday, after marking initial price thoughts in the high 5 percent area on Tuesday.

Read more

To category page