National Bank of Kuwait hires banks for dollar AT1 bonds


DUBAI – The National Bank of Kuwait has hired a group of banks to arrange investor calls ahead of a planned issuance of U.S. dollar-denominated Additional Tier 1 bonds, a document showed on Tuesday.

NBK hired Citi, HSBC, JPMorgan, NBK Capital, Standard Chartered and UBS to arrange investor calls starting on Tuesday, which will be followed by the issuance – subject to market conditions – of the perpetual bonds that will be non-callable for six years, the document from one of the banks showed.

(Reporting by Yousef Saba; Editing by Alex Richardson) ((; +971562166204))