National Bank of Kuwait (NBK) has announced its success in retraining the remaining amount of former Permanent Capital Securities issued in 2015.
The bank said in a statement to Kuwait Stock Exchange, on Sunday, on 9 April, in April 9, in the repurchase of $ 507.432 million, representing the remaining amount of permanent capital securities Previous version on 9 April 2015.
The Bank explained that the announcement today comes to the former disclosure of March 1, 2021; Regarding $ 192.568 million from the value of the former Permanent Capital Securities issued on April 9, 2015, which represents 27.51% of the total amount ($ 700 million), as well as notification to securities holders on the bank's proportion The remaining amount.
The Bank announced in mid-February, obtaining approvals for the relevant authorities, for the issuance of permanent securities in dollars will be interfered within the first extra segment of capital; Which will enhance the capital adequacy rate for the Bank.
"And in late November, Kuwait has announced its success in issuing supporting securities within the second slide of the Bank's capital of $ 300 million (recoverable 5 years later).
