Financial and Banking News


NBK Re-opens KD Bond Market with Big Finland Issue

The National Bank of Kuwait (NBK) has arranged a KD20mn ($74mn) bond issue for the Republic of Finland which is the first public issue for a foreign borrower to be denominated in Kuwaiti Dinars since 1982. Apart from representing the opening of a rare window in the KD bond market, this ground-breaking deal marks a number of other firsts: it is the first time a AAA-rated sovereign borrower has...