National Bank of Kuwait gives initial outlook for Tier-1 bonds


DUBAI – The National Bank of Kuwait has given initial price guidance of about 4% for U.S. dollar-denominated Additional Tier-1 bonds, a document showed.

Citi, HSBC, JPMorgan, NBK Capital, Standard Chartered and UBS are arranging the deal, which is expected to be launched later on Thursday. The perpetual bonds will be non-callable for six years.

(Reporting by Yousef Saba, Editing by Sherry Jacob-Phillips) ((; +971562166204))