The National Bank of Kuwait announced the successful pricing of $1 billion in unsecured priority bonds.
In a statement to the Kuwait Stock Exchange, today, Sunday, Al-Watani said that the bonds are part of the bank's program to issue international medium-term securities.
A document released last Thursday showed that the NBK had set an initial indicative price for 6-year dollar-denominated bonds at about 115 basis points over US Treasuries.
The National Bank decided last Tuesday to issue unsecured priority bonds denominated in dollars that come within the bank's program to issue international medium-term securities (bonds).
The bank's profits rose 44.7% in the first half of this year; To reach 160.8 million dinars, while the bank achieved a jump in profits for the second quarter of the year by 128.8% to 76.5 million dinars.
