VOL. XLV

No 8

25 February 2002

KUWAIT

NBKs $450Mn Debut EurobondOversubscribed

National Bank of Kuwaits (NBKs) debut three-year floatingrate Eurobond closed oversubscribed at $450mn, according to a statement issuedby the bank. The issue, which was due to be launched last year but was postponeddue to market conditions, was originally set to raise $400mn but wassubsequently increased to $450mn the day after the launch and finally reportedtotal demand of $510mn (MEES, 4 February). The bond aims to...