by Amruth Sundarkumar | Jul 19, 2021 | Banks
Abu Dhabi Commercial Bank (ADCB), National Bank of Kuwait (NBK) and Sharjah Islamic Bank reported strong results for the six months ended June. ADCB reported a 76% jump in net profits to AED 2.52bn ($690mn) in 1H2021. Non-interest income rose 41% YoY to AED 840mn...
by bondevalue | Feb 19, 2021 | Investment Grade Bonds
National Bank of Kuwait (NBK) raised $700mn via a Perpetual non-call 6Y (PerpNC6) AT1 bond at a yield of 3.625%, 37.5bp inside initial guidance of 4% area. The bonds have expected ratings of Baa3 vs. issuer ratings of A/A1/AA-. NBK Tier 1 is the issuer and NBK is the...
