
National Bank of Kuwait’s USD benchmark AT1 bond IPTs at 6.87% area
The National Bank of Kuwait (NBK) has issued IPTs in the 6.875% area for its 144A Reg S US dollar benchmark non-call 6-year AT1 bond offering. The bank is rated A1 (stable) by Moody’s / A (stable) by S&P / A+ (stable) by Fitch, with the …