The National Bank of Kuwait announced its success in issuing supporting securities within the second tranche of the bank's capital with a value of $ 300 million (refundable after 5 years).
Al-Watani said in a statement to the Kuwaiti Stock Exchange, today, Wednesday, that the settlement procedures for those papers have also been completed, with subscription requests exceeding $ 1.1 billion, which is equivalent to Cover version more than 3.6 times.
The bank stated that the issue witnessed a turnout by investors from the United Kingdom, Asia, the Middle East and North Africa, Europe and the United States of America (non-resident accounts), who acquired About 42%, 27%, 14%, 12% and 5% respectively of the issuance coverage.
and Al-Watani stated that the objective of the issuance is to enhance the bank's capital adequacy ratios.
Last weekend, the bank announced its success in pricing supporting securities worth $ 300 million, which the bank decided to issue within the second tier of capital.
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