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

April 1, 2015 12:14 PM

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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.

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