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National Bank of Kuwait plans benchmark dollar-denominated perpetuals
By Marisa Wong
Los Angeles, Feb. 18 – National Bank of Kuwait SAKP plans to price a dollar-denominated benchmark offering of perpetual non-call six-year tier 1 subordinated notes, according to a notice.
The notes will be issued through NBK Tier 1 Ltd.
J.P. Morgan Securities plc, Citi, HSBC, NBK Capital, Standard Chartered Bank and UBS Investment Bank are managers for the Regulation S and Rule 144A offering.
The notes will be listed on the Irish Stock Exchange.
The bank is based in Kuwait City.
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