Kuwait – Mubasher: The National Bank of Kuwait (NBK) announced that it is still in the initial stages of setting up a US dollar bond issue programme to boost liquidity and diversify funding sources.
NBK’s comment came as a response to Reuters’ announcement that the Kuwaiti bank would issue unsecured senior US dollar bonds in the next few weeks.
The issue will not amount to less than $500 million, Reuters added.
NBK’s stock closed at 670 fils, with a slight loss of 1% on Thursday.
