National Bank of Kuwait sets final pricing for capital-boosting bond

April 1, 2015 12:14 PM

54 0

DUBAI, April 1 (Reuters) - National Bank of Kuwait (NBK) has tightened pricing guidance for its capital-boosting bond issue, which is expected to price later in the day and will be worth around $650 million, a document from lead arrangers showed on Wednesday.

The Gulf state's largest lender has set final yield for the bond, which will boost its Tier 1 -- or core -- capital, at 5.75 percent, tighter than the 5.875 percent area indicated earlier on Wednesday and the initial price thoughts on Tuesday of in the high 5 percent area.

Also read: Trump, Clinton take leave from the fundraising circuit

Read more

To category page