The National Bank of Kuwait seeks to strengthen its position in the field of sustainable financing by issuing its first green bonds, in cooperation with a group of leading international banks.
The National Bank of Kuwait intends to issue its first green bonds, according to what was published by Reuters, citing a document it obtained.
According to Reuters, these 6-year bonds will be non-refundable for five years.
The agency said that the National Bank of Kuwait appointed a group of prestigious international financial institutions to manage this issuance.
Also Read: The Saudi Capital Market Authority approves the merger of AlAhli Capital funds
Citi, HSBC, JP Morgan and Standard Chartered have been appointed as joint global coordinators, while Emirates NBD Capital, First Abu Dhabi Bank, Goldman Sachs International and National Bank of Kuwait will assume the roles of joint lead managers and bookrunners.
According to Reuters, meetings with potential investors have already begun as of Tuesday, and it is expected that this will be followed by the offering of unsecured dollar-denominated green bonds with priority repayment under the bank’s global medium-term bond program.
