Kuwait based Commercial Bank National Bank of Kuwait SAK has finalised a private placement in the USD Fixed Rate Yankee Bond market. The financing matures in 2024 and was executed by a single dealer.
A Yankee bond is an USD-denominated bond issued by a non-USA entity in the USA Foreign Bond market.
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| Issuer Details | |
| Issuer | National Bank of Kuwait SAK |
| LEI | 549300NB7FE83IH6BW96 |
| Industry | Bank - Commercial |
| Country | Kuwait |
| Issuer Description | NBK was founded in 1952 as the first indigenous bank and the first joint stock company in Kuwait and the Gulf Region. NBK reported net profits of USD 1.2 billion (KD 370.7 million) for 2018. NBK's total assets were USD 90.4 billion (KD 27.4 billion) at the end of 2018, while shareholder equity stood at USD 9.7 billion (KD 2.9 billion). NBK is the largest financial institution in Kuwait with effective market dominance in the commercial banking market and has been consistently awarded the highest credit rating of all banks in the region from Moody's, Standard & Poor's, and Fitch Ratings. NBK also stands out in terms of its local and international network, which includes branches, subsidiaries and representative offices in China, Geneva, London, Paris, New York, and Singapore alongside its regional presence in Lebanon, Jordan, Egypt, Bahrain, Saudi Arabia, Iraq, Turkey, and the UAE. NBK's market capitalization as of 31-Dec. 2018 was USD 16.8 billion. |
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| Trade Details | |
| Security Type | Bond |
| Amount | USD [Login to see full details] |
| Total Amount including taps | USD [Login to see full details] |
| Total Amount Outstanding | USD [Login to see full details] |
| Total Order Book | USD [Login to see full details] |
| Structure | Fixed Rate |
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A Yankee bond is an USD-denominated bond issued by a non-USA entity in the USA Foreign Bond market.
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