DEBT CAPITAL MARKETS

The DCM group has one of the strongest and widest debt placement capabilities in the region

NBK Capital’s Debt Capital Markets group is a leading arranger of fixed-income securities for companies in the MENA region. As a trusted advisor and partner to companies and institutions, the Debt Capital Markets group structures innovative debt solutions — both conventional and Shari’ah-compliant — to address the unique capital requirements of each client.

Leveraging NBK Capital’s investor base and the extensive network of National Bank of Kuwait Group, the DCM group maintains one of the strongest and widest debt placement capabilities in the region. The Debt Capital Market group’s excellent reputation for consistently bringing quality issuances to market is well known and respected by institutional and retail investors.

NBK Capital has assisted prominent regional companies to raise more than USD 39.3bn in debt capital markets and financing transactions over the past 12 years.

Our Debt Capital Markets Group provides the following services:

  • Conventional Debt Securities
  • Islamic Debt Securities
  • Structured Debt Securities
  • Rating Advisory
  • Restructuring Advisory
  • Syndication / Financing Advisory

Debt Capital Markets Group has advised on some of the largest recent deals in the region including:

  • State of Kuwait’s USD 8 billion senior unsecured notes under the Global Medium Term Note (GMTN) programme
  • NBK’s USD 750 million senior unsecured notes under the USD 3 billion Global Medium Term Note (GMTN) programme
  • KNPC’s KD 1.2 billion corporate loan syndication to part finance the Clean Fuels Project (Tranche 1)
  • NBK’s KD 125 million, 10-non-call-5 Tier 2 (Basel III) compliant Bonds
  • NBK’s USD 700 million, perpetual AT1 (Basel III) compliant Capital Securities
  • Burgan Banks KD 100 million, 10-non-call-5 LT2 (Basel II) compliant Bonds

NBK Capital assisted prominent regional companies raise over USD 17.1 billion in conventional and Islamic financings, and completed over USD 1.1 billion in debt restructuring assignments since 2005. The following transactions are a testament to our debt capital markets capabilities:

Company Name National Bank of Kuwait
Deal Size USD 750,000,000
Deal Senior unsecured notes under the Global Medium Term Note (GMTN) programme
NBK Capital Role Global Coordinator and Joint Lead Manager
Date May 2017
Company Name State of Kuwait
Deal Size USD 8,000,000,000
Deal Global Medium Term Note (“GMTN”) Program
NBK Capital Role Joint Lead Manager
Date March 2017
Company Name EQUATE Petrochemical Co.
Deal Size USD 500,000,000
Deal Trust Certificate (“Sukuk”) Issuance Program
NBK Capital Role Global Coordinator and Joint Lead Manager
Date February 2017
Company Name EQUATE Petrochemical Co.
Deal Size USD 2,250,000,000
Deal Global Medium Term Note (“GMTN”) Program
NBK Capital Role Global Coordinator and Joint Lead Manager
Date November 2016
Company Name Kuwait National Petroleum Company (member of KPC Group)
Deal Size KD 1,200,000,000
Deal Corporate loan syndication to part fund The Clean Fuels Project (Tranche 1)
NBK Capital Role Exclusive Financial Advisor to Borrower
Date April 2016
Company Name National Bank of Kuwait S.A.K.P
Deal Size KD 125,000,000
Deal Tier 2 10-Non-Call-5 Bonds
NBK Capital Role Joint Bookrunner and Joint Lead Manager
Date November 2015
Company Name National Bank of Kuwait S.A.K.P
Deal Size USD 700,000,000
Deal Additional Tier 1 Perpetual Non-Call 6 Capital Securities
NBK Capital Role Joint Bookrunner and Joint Lead Manager
Date April 2015
Company Name Utilities Development Company
Deal Size KD 182,000,000
Deal Syndicated Term Loan for refinancing and financing the expansion of Sulaibiya Wastewater Treatment Plant
NBK Capital Role Advisor to Mandated Lead Arranger
Date December 2014
Company Name Burgan Bank
Deal Size KD 100,000,000
Deal Subordinated Lower Tier II Bond Issue
NBK Capital Role Joint Lead Manager and Arranger
Date December 2012
Company Name Kuwait Projects Company (Holding) (KIPCO)
Deal Size KD 80,000,000
Deal Bond Issue
NBK Capital Role Joint Lead Manager and Bookrunner
Date January 2012
Company Name Commercial Facilities Company S.A.K
Deal Size KD 50,000,000
Deal Bond Issue
NBK Capital Role Lead Manager and Bookrunner
Date December 2011
Company Name United Real Estate Company
Deal Size KD 40,000,000
Deal Bond Issue
NBK Capital Role Joint Lead Manager and Bookrunner
Date June 2010
Company Name National Industries Group
Deal Size USD 1,500,000,000 Program
Deal Sukuk Al Mudaraba
NBK Capital Role Joint Lead Manager and Bookrunner
Date August 2007
Company Name Injazzat Real Estate Company
Deal Size USD 60,000,000
Deal Sukuk Al Ijara
NBK Capital Role Mandated Lead Manager and Bookrunner
Date July 2007
Company Name Kuwait Financial Centre (Markaz)
Deal Size USD 100,000,000
Deal Bond Issue
NBK Capital Role Joint Lead Manager and Bookrunner
Date July 2007
Summary
Debt Capital Markets
Article Name
Debt Capital Markets
Description
Conventional Debt Securities Islamic Debt Securities Structured Debt Securities Rating Advisory Restructuring Advisory Financing Advisory
Author
Publisher Name
NBK Capital
Publisher Logo