Financial and Banking News
NBK Offers KREB Issue
The National Bank of Kuwait (NBK) has lead-managed a KDlOmn issue of seven-year bonds for the Kuwait Real Estate Bank (KREB). The notes carry a 8.25% coupon and are issued at par. The issuer has an option to redeem the notes at 100.5% after three years, thereafter declining by 0.25% for the following two years. Holders may redeem the bonds at par at any time "in the event of adverse changes affecting...