National Bank of Kuwait starts selling dollar senior bonds – document
© Reuters. FILE PHOTO: National Bank of Kuwait building in Beirut,Lebanon July 18, 2016. REUTERS/ Jamal Saidi
DUBAI (Reuters) – National Bank of Kuwait, the Gulf country’s largest lender, has given initial price guidance for six-year U.S. dollar-denominated bonds of around 115 basis points over U.S. Treasuries, a bank document showed on Thursday.
Citi, JPMorgan (NYSE:JPM) and NBK Capital are global coordinators and BofA Securities, Goldman Sachs (NYSE:GS) International, HSBC, MUFG and Standard Chartered (OTC:SCBFF) are joint lead managers and bookrunners.
The bonds will be non-callable for five years and are expected to launch later on Thursday, the document from one of the banks on the deal showed.
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