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International bonds: National Bank of Kuwait, 4.5% perp., USD (XS2010037922)

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Perpetual, Guaranteed, Variable rate, Trace-eligible, Junior Subordinated Unsecured

Status
Outstanding
Amount
750,000,000 USD
Placement
***
Redemption (put/call option)
Perpetual (*** CALL)
ACI on
Country of risk
Kuwait
Current coupon
***%
Price
-
Yield / Duration
-
Reports of guarantors / borrowers / offerers
Guarantor National Bank of Kuwait
Reporting IFRS
Calculate in two clicks! yield, duration and other parameters
Calculate in two clicks! yield, duration and other parameters
Calculator What is a calculator?
  • Placement amount
    750,000,000 USD
  • Outstanding amount
    750,000,000 USD
  • USD equivalent
    750,000,000 USD
  • Minimum Settlement Amount
    200,000 USD
  • ISIN RegS
    XS2010037922
  • Common Code RegS
    201003792
  • CFI RegS
    DBFXQR
  • FIGI RegS
    BBG00QYNMLG6
  • SEDOL
    BKTCWB1
  • Ticker
    NTBKKK V4.5 PERP REGS

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Quotes from market participants are indicative

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Issue information

Profile
Since its incorporation in 1952 as the first indigenous bank and the first shareholding company in the entire Gulf region, NBK has been known as The Bank You Know And Trust. Thanks to the recognized excellence ...
Since its incorporation in 1952 as the first indigenous bank and the first shareholding company in the entire Gulf region, NBK has been known as The Bank You Know And Trust. Thanks to the recognized excellence of its very stable management along with its unequivocal strategy, consistent profitability, high asset quality and strong capitalization, NBK, throughout the years, succeeded in building an advanced banking institution that offers a full spectrum of innovative and unrivalled financial and investment services and solutions to individuals, corporate and institutional clients. NBK enjoys a dominant market share with a large and ever expanding local and regional clientele. NBK also boasts the largest overseas branch network spanning many of the world financial and business centers
Volume
  • Placement amount
    750,000,000 USD
  • Outstanding amount
    750,000,000 USD
  • Outstanding face value amount
    750,000,000 USD
Face value
  • Minimum Settlement Amount
    200,000 USD
  • Outstanding face value
    *** USD
  • Increment
    *** USD
  • Face value
    1,000 USD
Listing
  • Listing
    ***

Cash flow parameters

  • Variable rate type
    Fix to Float
  • Reference rate
    ***
  • Coupon Rate
    ***
  • Day count convention
    ***
  • Interest Accrual Date
    ***
  • Coupon frequency
    *** time(s) per year
  • Payment currency
    ***

Cash flow

Calculations for international bonds are made according to the minimum trading lot

Early redemption terms

***

explore the most comprehensive database

800 000

bonds globally

Over 400

pricing sources

80 000

stocks

9 000

ETF

track your portfolio in the most efficient way
Bond Search
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— Are you looking for the complete & verified bond data?

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Why

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Placement

  • Placement method
    Open subscription
  • Placement type
    Public
  • Placement
    ***
  • Initial issue price (yield)
  • Geographic breakdown
    ***
  • Investor breakdown
    ***
  • The purpose of placing
    The estimated net proceeds from the issue of the Capital Securities, after deduction of commissions, fees and estimated expenses, will be U.S.$747,900,000. The proceeds from the issue of the Capital Securities will be used by the Issuer to finance the Loan to the Bank pursuant to the On-Loan Agreement in a form which meets or exceeds the requirements of Tier 1 Capital under the Capital Regulations, which will be used by the Bank to increase its Tier 1 Capital for the purpose of increasing its capital adequacy and for its general corporate purposes.
Participants
  • Bookrunner
    ***, ***, ***, ***, ***, ***
  • Depository
    ***, ***

Conversion and exchange

  • Conversion terms
    ***

Covenants

  • Change of Control

    ***

  • Collective Action Clause

    ***

  • Covenant Suspension/Fall-Away

    ***

  • Cross Default

    ***

  • Designation of Restricted and Unrestricted Subsidiaries

    ***

  • Events of Default

    ***

  • Financial Covenants

    ***

  • Limitation on Business Activities

    ***

  • Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries

    ***

  • Limitation on Indebtedness

    ***

  • Limitation on Investments

    ***

  • Limitation on Liens

    ***

  • Limitation on Restricted Payments

    ***

  • Limitation on Sale of Assets

    ***

  • Limitation on Sale/Leaseback

    ***

  • Limitation on Subsidiary Debt

    ***

  • Limitation on layering (anti-layering)

    ***

  • Limitations on transactions with affiliates

    ***

  • Merger Restrictions

    ***

  • Others

    ***

  • Rating Trigger

    ***

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Additional information

Latest issues

Identifiers

  • ISIN RegS
    XS2010037922
  • ISIN 144A
    ***
  • CUSIP RegS
    ***
  • CUSIP 144A
    ***
  • Common Code RegS
    201003792
  • CFI RegS
    DBFXQR
  • CFI 144A
    DBFXQR
  • FIGI RegS
    BBG00QYNMLG6
  • FIGI 144A
    BBG00QTW3TB1
  • WKN RegS
    A2SA3U
  • SEDOL
    BKTCWB1
  • Ticker
    NTBKKK V4.5 PERP REGS
  • Type of security by CBR
    ***

Bond classification

  • Registered
  • Junior Subordinated Unsecured
  • Coupon bonds
  • Variable rate
  • Guaranteed
  • Perpetual
  • Subordinated
  • Trace-eligible
  • Amortization
  • Callable
  • CDO
  • Convertible
  • Dual currency bonds
  • For qualified investors (CIS region)
  • Foreign bonds
  • Green bonds
  • Inflation-linked principal
  • Supranational bond issues
  • Inflation-linked coupon
  • Mortgage bonds
  • Payment-in-kind
  • Non-Marketable Securities
  • Redemption Linked
  • Restructuring
  • Retail bonds
  • Covered
  • Securitization
  • Structured product
  • Commercial Bonds
  • Sukuk

Restructuring

***

Holders

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