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

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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) ((Yousef.Saba@thomsonreuters.com; +971562166204))