NBK & SG jointly managed $23 million bond issue in Kuwait
The National Bank of Kuwait (NBK), Securities Group (SG) and the Commercial Bank of Kuwait (CBK) recently signed the agreements relating to the issuance by CBK of bonds with an aggregate face amount of 60 million Kuwaiti dinars ($203 million).
NBK and SG acted as joint lead managers for this bond issue. The bonds will mature in three years and are issued in three equal tranches of KD 20 million each.
According to CEO of NBK Ibrahim Dabdoub, the bonds had been marketed to financial institutions, commercial companies, as well as individuals, and had attracted significant demand from all types of investors. He added that the bond issue was over subscribed. — (menareport.com)
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